FILING OF INCOME TAX RETURN as INCOME TAX RETURN 2001

An Individual may have more than one source of income

-ADJUSTABLE INCOME ( IE .Salary Income ( That is adjustable)
-Presumptive income / FTR that is final and any tax deducted on that source of income at the time of receipt is final tax. However this amount should be shown in return filing.
- PROPERTY INCOME that is calculated as per Tax Slab.
- Business Income that is also taxable as per Slab Rate.
- Income from Other Sources - Final tax

Detail will be discussed in late due to shortage of time.