Assessment of aop/boi
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 May 2013
what is mmr and how it is calculated
12 May 2013
MMR is 30% and it is not calculated by any formula.
Guest
Guest
(Expert)
12 May 2013
As Per section 2(29C) of act:-
it means the rate of income-tax (including
surcharge, if any)applicable in in the case
of an individual as highest slab of income (and also in a case of association of
persons or body of individuals] as specified in the Finance Act of the relevant yea
it means the rate of income-tax (including
surcharge, if any)applicable in in the case
of an individual as highest slab of income (and also in a case of association of
persons or body of individuals] as specified in the Finance Act of the relevant yea
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