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IFOS - Coggle Diagram
IFOS
56-chargeable only in IFOS
dividend
2(22)(c)
company in liquidation
2(22)(d)
loans &advances given standing as liab
2(22)(b)
reduction of capital
2(22)(e)
closely held co. to shareholder/concern/3rd person
2(22)(a)
accumulated profits
casual income
lottery/crossword puzzles
share premium
interest on enhanced compensation
advance forfeited
gift
termination of employment/modification of terms/post employment, no relation of employer-employee
dividend
taxed on date of decalartion and not on date of receipt
distribution by Co. of accumulated profits
not chargeable under others
interest on securities
family pension
rent-building inseperable from pmf
keyman insurance policy/bonus on policy
rent-p/m/furniture
residual income
what is IFOS?
not included in sal/hp/cg/bp
but charged to tax
any income/profits/gains
residuary head
sections
56-charging sec
57-deduction allowed
58-deduction not allowed
59-deemed income