Regarding income tax return
Querist : Anonymous
now they have to file their income tax return
they are not reg. in sec.12AA of income tax act
so which itr should be filled what tax rate should be taxed
whether status is AOP in income tax or not
whether they can claim sec. 10(23c)
Under income tax act an AOP is assessed as individual so tax would be computed as per the applicable slab rates as individual.
ITR-4 is to be filed.
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
200000-500000.......10%............30000
500000-1000000..20%.(600000-500000)20%=20000
Total tax=30000+20000=50000
(+)Education tax=50000*3%=1500
Total tax payable..=51500
Querist : Anonymous
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