I need to know what is income statement?
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http://en.wikipedia.org/wiki/Income_statement\n\nIncome statements for companies indicate how Net Revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into Net Income (the result after all revenues and expenses have been accounted for, also known as the "bottom line"). The purpose of the income statement is to show managers and investors whether or not the company made or lost money during the period being reported.
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Go to IRS.GOV you might be able to find out what you are asking there.
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Income tax is an assessment levied upon individual or corporate incomes. I have never heard of a degree in income tax services. Most income tax professionals earn their degrees in accounting.
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Go to a company's website and look for their financial statement.  All companies have a link to their financials for their investors.
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If your shares transactions are investment, then it has to be shown in Income From Capital Gains Head. (Short Term & Long Term Gains)\n\nIf your shares transactions are trading, then this income has to be shown in Income from Business Or Profession Head.\n\nWhile filing your returns you have to show all your income other than shares transactions also.\n\nReddy
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Income Tax is on money you earn working/investing. Most people figure a ballpark of 20%. When a person wins a certain amount of money at a horse track they take 20% before giving your payout and you receive a receipt so you may get some back at the end of the year. This money is used for Federal Expenditures like; Freeways and national security and pays Federal Employees.\nSales Tax is when you buy things it depends on your State, City and County. Many figure a ballpark of 10%. Where I live it about 8% on most purchases and 12% on prepared foods like a restaurant or McDonald's. This money is used for local expenditures within the specific State, being divided accordingly to State, City and County and pays for things like; State and County roads, State Employees and Teachers, Parks etc.
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Please enlighten me. What is a personal statement?
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Financial statements are Profit and Loss, Balance Sheet and Cash Flow. Look their composition in your textbook or wikipedia. Youanalyse themby computing a bunch of ratios, reflecting profitability (profit/sales, /assets), liquidity (Current Assets/Current Liabilities), debt burden (debt/equity, interest leverage) and whatever else.
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www.nseindia.com provides financial statements only for the past 2 years. \n\nYou could check out www.icicidirect.com and click on research link to get summarised reports for the past 5 years
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No it is consider income.
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refer v.k.singhania's students' guide to income tax\na.y-2006-07
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The financial statement is just that, it states the companies financial position. It will list, assets, liabilities, A/R, A/P, inventories. This reflects a period of time. If the companies liabilities exceed the assets, then your in trouble.
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Please read NY Publication 89 at this link: http://www.nystax.gov/pdf/publications/income/pub89_1101.pdf
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Gross income is simply the amount you receive from renters.  If someone is trying to sell you rental property based on estimated gross income - BEWARE- You want to focus on NET INCOME - the amount you have left after expenses. Expenses include, taxes, interest, maintenance, repair, insurance, utilities, advertising, legal support, tax prep, condo assessments, contingencies etc. etc. \n\nANY SELLER THAT IS RELUCTANT TO GIVE YOU VERIFIABLE INFORMATION ON THEIR EXPENSES SHOULD BE AVOIDED.
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Based on the information you've provided it's unclear.  It depends whether the money you've received from you family is income.
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income statement or profit and loss\nbalance sheet\ncash flow\nretained earnings statement or statement of changes in owner's equity
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They should send you an annual statement.  You might want to try the web site:\nhttp://www.ssa.gov/planners/calculators.htm