The cost of capital determines how a company can raise money (through a stock issue, borrowing, or a mix of the two). This is the rate of return that a firm would receive if it invested in a different vehicle with similar risk.
So, the discussion starts now……………
Also referred to as “present discounted value”.
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When the payment is made by a person to an individual, due to the relationship of Employer and employee between the payer and payee, the said income in the hands of receiver is chargeable to tax under the head INCOME FROM SALARIES.
It is not only the basic salary which is chargeable to tax but also the allowances and perquisites as well, their are certain exepmtions as well which are applicable to individuals.
Freinds the Discussion on the topic of Salary can be started now by replying to this post…………
This Topic Covers the basic Fundamentals of Income Tax in India. Important Definitions, Residential Status of a person and Scope of Income Chargeable to Tax in India is covered in this topic
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Dear Friends,
For your ready reference, following is the link of file containing the logical reasoning on the topic of Rectification of Errors, for MCQ’s given in ICAI Module, along with questions.
Logical Reasoning – Rectification of errors (ICAI)
If you have any query, you can ask the same by writing a comment on this post
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