Audit
This query is : Resolved
17 November 2014
dear sir/madam
iam little confuse . As Per Incometax Department only that person is liabile to pay tax who,s income more than 250000
But i face a confusion
i fill a audited firm return total Profit 20000 and my software show its taxable income
my question is:-
if tax lying on 250000 income then how this firm is liable on his 20000 income
please suggest me
iam little confuse . As Per Incometax Department only that person is liabile to pay tax who,s income more than 250000
But i face a confusion
i fill a audited firm return total Profit 20000 and my software show its taxable income
my question is:-
if tax lying on 250000 income then how this firm is liable on his 20000 income
please suggest me
17 November 2014
for FIRM the tax starts from first rupee. The limit of 250,000 is for individuals
17 November 2014
30% tax rate for partnership firms.
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