29 June 2009
Can any one tell me the rate of DDT whether surcharge & edu. cess is included in 15%. Give a brief example when it will be 15% , 15.45% & 16.995
because the definition of tax as given in section 2 (43) is txa means tax chargeable under this act(i.e income tax act) and surcharge and cess is chargeable under finance act of each year.
so u/s 115-o tax rate is 15% and SC and cesss shall be chargeable separately.
CAclubindia
