Income tax return
This query is : Resolved
28 February 2018
Sir, I am Company partner ship Firm,
total Turn over Rs. 10,99,595
Tax Return U/s. 44AD.Total 3 Partner, Not taken Interest Amount,
Hohmuch tax liabilities
total Turn over Rs. 10,99,595
Tax Return U/s. 44AD.Total 3 Partner, Not taken Interest Amount,
Hohmuch tax liabilities
01 March 2018
30% tax payable on 6% of turnover received through bank and on 8% of turnover received in cash.
01 March 2018
For Firm tax liability @30.9%on profit minimum 8% on TO 10,99,595/-Since partner not take salary, Interest on capital only share of profit exempt in the hands of Partners.
01 March 2018
For Firm tax liability @30.9% on 8% turn over rs.1099595/--Since partner not take salary, Interest on capital only share of profit exempt in the hands of Partners.
01 March 2018
Please send calculation method
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