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Assessment of Companies
Computation of Gross Total
Income of a company
Assessment of Companies
• Scheme of taxing business income of companies,
• a) Residential status of a company
• Sec.2(26)Indian company Co.
• (registered under the companies act of India
• Always resident in India
• Foreign company sec. 2(23A)
• (not registered under the companies act of India)
• Part of mgt. and control is in India
• If whole of its Mgt. and control is out side India
• Computation of Gross Total Income of a company
• 1.Income under the head of “House property”
• 2.Income under the head of “profit and gain of business or
profession”
• 3.Income under the head of “Capital Gain”
• 4.Income under the head of “Income from other sources”
• Computation of Gross Total Income of a company
• 1.Income under the head of “House property”
• 2.Income under the head of “profit and gain of business or
profession”
• 3.Income under the head of “Capital Gain”
• 4.Income under the head of “Income from other sources”
Computation of Gross Total
Income of a company
Assessment of Companies
• Scheme of taxing business income of companies,
• a) Residential status of a company
• Sec.2(26)Indian company Co.
• (registered under the companies act of India
• Always resident in India
• Foreign company sec. 2(23A)
• (not registered under the companies act of India)
• Part of mgt. and control is in India
• If whole of its Mgt. and control is out side India
• Computation of Gross Total Income of a company
• 1.Income under the head of “House property”
• 2.Income under the head of “profit and gain of business or
profession”
• 3.Income under the head of “Capital Gain”
• 4.Income under the head of “Income from other sources”
• Computation of Gross Total Income of a company
• 1.Income under the head of “House property”
• 2.Income under the head of “profit and gain of business or
profession”
• 3.Income under the head of “Capital Gain”
• 4.Income under the head of “Income from other sources”

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Assessment of Companies.pptx

  • 2. Computation of Gross Total Income of a company
  • 4. • Scheme of taxing business income of companies, • a) Residential status of a company • Sec.2(26)Indian company Co. • (registered under the companies act of India • Always resident in India • Foreign company sec. 2(23A) • (not registered under the companies act of India) • Part of mgt. and control is in India • If whole of its Mgt. and control is out side India
  • 5. • Computation of Gross Total Income of a company • 1.Income under the head of “House property” • 2.Income under the head of “profit and gain of business or profession” • 3.Income under the head of “Capital Gain” • 4.Income under the head of “Income from other sources”
  • 6. • Computation of Gross Total Income of a company • 1.Income under the head of “House property” • 2.Income under the head of “profit and gain of business or profession” • 3.Income under the head of “Capital Gain” • 4.Income under the head of “Income from other sources”
  • 7. Computation of Gross Total Income of a company
  • 9. • Scheme of taxing business income of companies, • a) Residential status of a company • Sec.2(26)Indian company Co. • (registered under the companies act of India • Always resident in India • Foreign company sec. 2(23A) • (not registered under the companies act of India) • Part of mgt. and control is in India • If whole of its Mgt. and control is out side India
  • 10. • Computation of Gross Total Income of a company • 1.Income under the head of “House property” • 2.Income under the head of “profit and gain of business or profession” • 3.Income under the head of “Capital Gain” • 4.Income under the head of “Income from other sources”
  • 11. • Computation of Gross Total Income of a company • 1.Income under the head of “House property” • 2.Income under the head of “profit and gain of business or profession” • 3.Income under the head of “Capital Gain” • 4.Income under the head of “Income from other sources”