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The idea of integrating electronic circuits into a single device was born when the German ... A year later, Warwick Johnson filed a patent for a prototype integrated circuit (IC). These ideas could
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What is ic year?
IC year stands for Income Computation year, which is the financial year in which income is earned and assessed for tax purposes.
Who is required to file ic year?
Every individual, Hindu Undivided Family (HUF), company, firm, association of persons (AOP), body of individuals (BOI), local authority and any other artificial juridical person is required to file IC year if their income exceeds the basic exemption limit.
How to fill out ic year?
IC year can be filled out online on the income tax department's website or manually by filling out the relevant forms and submitting them to the appropriate authorities.
What is the purpose of ic year?
The purpose of IC year is to calculate and report one's income to the tax authorities in order to determine the tax liability for that particular financial year.
What information must be reported on ic year?
Information such as income from various sources, deductions claimed, exemptions availed, taxes paid, etc. must be reported on IC year.
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