Computation of Gross Total Income of a company 1.Income under the head of “House property” 2.Income under the head of “profit and gain of business or profession” 3.Income under the head of “Capital Gain” 4.Income under the head of “Income from other sources”

1. Assessment of Companies

2. • Scheme of taxing business income of companies,
• a) Residential status of a company
• Sec.2(26)Indian company Co.
• (registered under the companies act of India
• Always resident in India
• Foreign company sec. 2(23A)
• (not registered under the companies act of India)
• Part of mgt. and control is in India
• If whole of its Mgt. and control is out side India

3. • Computation of Gross Total Income of a company
• 1.Income under the head of “House property”
• 2.Income under the head of “profit and gain of business or
profession”
• 3.Income under the head of “Capital Gain”
• 4.Income under the head of “Income from other sources”

4. • Computation of Gross Total Income of a company
• 1.Income under the head of “House property”
• 2.Income under the head of “profit and gain of business or
profession”
• 3.Income under the head of “Capital Gain”
• 4.Income under the head of “Income from other sources”