Behind Your Business

AP - WHAT A MONTH: The Dow Jones industrial average and Standard & Poor's had their best month since July 2009 and their first winning month since this past April. Strong earnings were behind the big gains.

The confirmation process during the course of a client audit is a means by which the auditor can receive evidence from a third-party regarding assertions that have been made by the client's management with respect to its financial statements. Confirmations are widely used in the audit process, although they represent merely one means by which auditors can address financial statement assertions of a client, and typically serve to address only certain of the categories of assertions.

AP - Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year.

Reuters - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.

Income tax is an amount of tax which is paid by workers and business men on their income. There is no age limit for a person to be liable to pay income tax. Income tax in India is charged according to type of income for example employment income, pension income, social security income, self-employed income from a business or profession, property income, savings and investment income and other miscellaneous income.