Tag Archives: ITR Filling

Income tax is a tax collected by the government of India depending on the income or profit of the individual or company or firm or authority. Basically, there are two types of taxes, direct and indirect tax. Direct tax is deducted from the individual directly by the government on the …

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Inter Head Adjustment If in any year the taxpayer has incurred loss from any source under a particular head of income tax, then he is allowed to adjust such loss against income from any other source falling under the same head. The process of adjustment of loss from a source …

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