Itr filing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2012
BUSSINESS STARTED ON 1.04.2011, TURNOVER 50 LACKS , WHAT AMOUNT OF TAX IS REQUIRED TO BE PAID UPTO 31.03.2012 U/S 44AD
10 March 2012
Income = 50lakhs * 8% = Rs. 4 lakhs.
From this income, deduct any investments under Section 80C and on the balance income tax will be applicable as under:
If assessee is individual or HUF - slab rate
If assessee is a partnership firm - 30%
The tax will be increased by EC & SHEC.
From this income, deduct any investments under Section 80C and on the balance income tax will be applicable as under:
If assessee is individual or HUF - slab rate
If assessee is a partnership firm - 30%
The tax will be increased by EC & SHEC.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2012
thank u sir!
05 June 2012
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