SAP FICO Interview Questions

Best available SAP books to prepare for interview and to learn SAP FICO

Beginners and students preparing for SAP often asked about book that they should refer to become a FICO consultant. Below in this article you will find books that are most…

Income tax slab rates for AY 2015-2016 – Financial Year 2014-2015

Income tax slab rates for AY 2015-2016 – Financial Year 2014-2015

Financial minister Mr. Arun Jaitley has presented union budget in parliament for the financial year 2014-2015. In this budget he has not changed the income tax rates and kept the earlier…

late

Can a belated or late filled income tax return be revised

Belated return means a late return which is filled as per section 139(4) of income tax act. Before discussing the provisions related to revised return in case of late filling…

deferred tax

How to calculate deferred tax asset and deferred tax liabilities

Accounting profit as shown in company’s financial statements differs with the IT profit for many reasons. One of such reason is timing difference. Timing difference arises due to difference in rate…

income tax return

Difference between self assessment tax and advance tax

Both self assessment and advance tax are paid to government of India based on the IT act provisions as applicable to the assessee. Even though both relates to tax liability that…

rent

Under which head rent on vacant plot is chargeable to tax in India

Rent on vacant plot is taxable in India if it’s generated or accrued in India. But the question is under which head and how it’s taxable. We have five major…