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Advanced Tax laws And Practice Income Under Head Other Sources Income Under Head Other Sources (IFOS)   One of the five heads of income payable under the Income-tax Act 1961 is income from other sources. Any income not covered by the other four heads of revenue is taxable on the basis of income from other sources and is also known as the residual head of revenue. All wages, capital gains, household property or company & occupation (PGBP) excluded profits are included in IFOS, except those exempted under the Income Tax Act.   Profits of a dividend other than the dividend referred to in section 10 (34). Money gained from winning lotteries, crossword puzzles, races, gambling or betting of some sort (including horse races), even though the assessee claims to gain such profits from dealing in such activities. Money or movable/immovable property obtained during the previous period without consideration or insufficient consideration Interest earned on compensation or increased compensatio

How long is the CS Course and Who can do CS? CS Course in India-A related task in an association is the Business Secretary (CS) or Corporate Secretary (CS) or Secretary. It is the senior office in the organization of a private or public area. The legal activities of every corporation are handled by the secretary of the organization. A secretary of an entity is responsible for maintaining the documents, guidance, appraisal forms and assessing the lawful sections of the group. The secretary of the association is a customary one, assisted by the governing body and administrative staff. In any event, the company technique has currently been altered and the CS's function has been extended. As traditional assistance to the administrator and chiefs, the company secretary fills in.   The secretary of the company deals with the association's corporate management and legitimate problems as an extra job. A company secretary is aware of the association's administration, maintaining leg

Labor turnover is defined as the proportion of the workforce of the company leaving over the course of the year or the ratio of the number of persons leaving over the period to the average number of employees.   Labor turnover is all about retention of employees – i.e. the ability of a company to convince its employees to remain in business.   Causes of Labor Turnover     The causes of the turnover of labor could be classified into three types. They're:   Personal causes –  those that induce or force workers to leave their jobs. Retreat due to old age. The accident makes workers permanently unable to work. Women workers may leave after marriage to perform household duties/family duties I don't like the job or the place. Workers are finding better jobs in other places. Changing the job for improvement.   Inevitable causes –  those on which management is obliged to ask some or more of their employees to leave the organization; Seasonal nature of the company. Change the location

CS Executive Meaning of Service Costing: Scope/Service and Application Online CS Executive Class:  service costing is a type of operation costing that is used in organizations that provide services instead of producing goods. The cost of services is the cost of providing and operating services in a particular sector. In short, services are generally considered to be inducting rather than producing goods. It is the costing method that provides information on how to calculate the operating cost. Service scope   The costing services are directly concerned with the classification and accumulation of the cost of the service to the services rendered by undertakings. Service Cost Features:   Operating costing is a method of costing. There is no physical stock of an article when an undertaking renders a service. An undertaking adopting a costing service shall not produce any tangible goods. These undertakings provide their customers with unique services. Costs are usually period-wise. However,