ITR 6
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2010
Income from Business or Prf.
Net Profit as per P&L 3032586
Add:Exp.disallow
(donation to Chat.Trust) 700000
-------
3732586
lESS CHAPTER VI-A
50 % GTI 186629
-------
3545957
TAX ON ABOVE 1096700
BUT AS PER I.TAX ITR 6
IT CALCULATE TAX 909775
PLEASE GIVE ME IDEA HOW IT IS TO BE CACULATE TAX
Net Profit as per P&L 3032586
Add:Exp.disallow
(donation to Chat.Trust) 700000
-------
3732586
lESS CHAPTER VI-A
50 % GTI 186629
-------
3545957
TAX ON ABOVE 1096700
BUT AS PER I.TAX ITR 6
IT CALCULATE TAX 909775
PLEASE GIVE ME IDEA HOW IT IS TO BE CACULATE TAX
25 September 2010
Data is insufficient to locate the difference. However,since you started with p &l profit, one possibility,among others, may be because of difference in depreciation calculation between companies act rates and IT act rates.
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