Sec 149(6) of comanies act 2013

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salil (Querist)
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02 August 2016 in clause (d)------ whether it (2% of turnover) or (total income) or 2% of(turnover or total income)

c.bakshi (Expert)
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02 August 2016 2% of or more of gross turnover or total income or 50 lakhs rs whichever is lower is applicable first

salil (Querist)
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02 August 2016 you just put the law language written in the section. but my query is that 2% is linked with total income or not

Mandar (Expert)
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02 August 2016 Yes it is also linked with total income , It is either of 4 :- Gross Turnover ; Total Income ; 50 lacs ; Amount as prescribed

c.bakshi (Expert)
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10 August 2016 @salil, yes its law language, at the end of the answer, i suggest you the answer too. whichever come first is applicable

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