Comp. on income tax
This query is : Resolved
19 September 2011
Sir what will be the provision need to be made??
Profit before tax:1260871
Less: Income Tax For earlier years:4944
Less: Defereed Tax:9523
PAt:1246404
Add: Disallowed Exp.4520
Add:Donation: 50000
Add: Dep. as per cos.act:163120
Less: dividend exempt:14201
Less: Dep as per IT act:193938
Less: Profit on sale of Investments:50000
Capital Gains:50000(LTCG @20%)
and Donation @50% is allowed.
TDS is 539002.
and how much refund is coming ???
Sir Please Solve it.
This is the complete Info.
Profit before tax:1260871
Less: Income Tax For earlier years:4944
Less: Defereed Tax:9523
PAt:1246404
Add: Disallowed Exp.4520
Add:Donation: 50000
Add: Dep. as per cos.act:163120
Less: dividend exempt:14201
Less: Dep as per IT act:193938
Less: Profit on sale of Investments:50000
Capital Gains:50000(LTCG @20%)
and Donation @50% is allowed.
TDS is 539002.
and how much refund is coming ???
Sir Please Solve it.
This is the complete Info.
21 September 2011
First take the Net Profit as per
P & L A/c 1260871
Add: Dis-allowable
Expenses 4520
Donation: 50000
Dep. as per cos.act: 163120 217640
1478511
Less: Sale of investments 50000
Dep. as per IT 193938
Dividend 14201
Donation 50% 25000 283139
BUSINESS INCOME 1195372
Tax @ 30.9% 369370
Tax On Capital Gain 10300
TOTAL TAX PAYABLE 379670
tds 539002
rEFUNDABLE 159332
P & L A/c 1260871
Add: Dis-allowable
Expenses 4520
Donation: 50000
Dep. as per cos.act: 163120 217640
1478511
Less: Sale of investments 50000
Dep. as per IT 193938
Dividend 14201
Donation 50% 25000 283139
BUSINESS INCOME 1195372
Tax @ 30.9% 369370
Tax On Capital Gain 10300
TOTAL TAX PAYABLE 379670
tds 539002
rEFUNDABLE 159332
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Rent lease agreement
- Relief u/s Section 89
- STCG FOR GOLD ETFs
- REGARDING SECTION 44AE
- SALE BILL AGAINST GOODS RETURN
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
