Sir, My husband runs buisnees of readymade garment that to on rented shop, i want to know how to calculate tax, what is first step to do as ,i have not done balance sheet of my husbands income. i want to know detail information. i dont understand the concept of tax.Please cleryfy the subject


Admin’s Response:

Nice to see your curiosity to know about Income Tax. Please refer the question bank on the Income Tax Department’s Website which provides most of the basic information about taxes. Here’s the link:
http://www.incometaxindia.gov.in/questionbank.htm