bank assessment ?
This query is : Resolved
18 July 2010
HOW IS BANK ASSESSED AS
COMPANY , AJP OR OTHER ?
IF AS A COMPANY WILL THE TAX RATE BE @ 30% FOR DOMESTIC AND 40% FOR FOREIGN BANK ?
PLEASE GIVE NAME OF SOME FOREIGN BANK,
THANKS
COMPANY , AJP OR OTHER ?
IF AS A COMPANY WILL THE TAX RATE BE @ 30% FOR DOMESTIC AND 40% FOR FOREIGN BANK ?
PLEASE GIVE NAME OF SOME FOREIGN BANK,
THANKS
18 July 2010
Bank would be assessed as Company and the tax rate for domestic banks would be 30% and for foreign banks it would be 40% as rightly pointed out by u
it would be increased by surcharge @ 10% in case of domestic and 2.5% in case of foreign banks if the total income exceeds 1 crore
ABN amro bank, HSBC bank, Bank of ceylon are some of foreign banks.
it would be increased by surcharge @ 10% in case of domestic and 2.5% in case of foreign banks if the total income exceeds 1 crore
ABN amro bank, HSBC bank, Bank of ceylon are some of foreign banks.
19 July 2010
thanks very much sir
i would like to know how can i know the bank is a foreign or domestic ?
(a) headoffice location ?
or other ways ?
i would like to know how can i know the bank is a foreign or domestic ?
(a) headoffice location ?
or other ways ?
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