scope of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 May 2011
1)Please clarify me the interest on employer contribution to pf is taxable in excess of 8.5% or 9.5%?
2)under income tax and wealth tax in case of firm who is liable to pay tax- individual partners or firm on behalf of partners and at what % ?
plz rply me...
2)under income tax and wealth tax in case of firm who is liable to pay tax- individual partners or firm on behalf of partners and at what % ?
plz rply me...
CA MANOJ GUPTA
(Expert)
18 May 2011
AS PER RECENT NOTIFICATION FOR INTEREST ON OR AFTER 1-9-2010 REFERENCE RATE IS 9.5 PERCENT
FIRM IS LAIBLE TO PAY TAX
ON ITS INCOME
CA MANOJ GUPTA
JODHPUR
09828510543
FIRM IS LAIBLE TO PAY TAX
ON ITS INCOME
CA MANOJ GUPTA
JODHPUR
09828510543
Nikhil Kothari
(Expert)
18 May 2011
1) Interest on employer contribution to pf is taxable excess of 9.5%
2)Firm is liable to pay tax @ flat 30% plus surcharge (if any) plus 3% cess.
2)Firm is liable to pay tax @ flat 30% plus surcharge (if any) plus 3% cess.
CA. Krishna K Neeraj
(Expert)
19 May 2011
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