Sec 149(6) of comanies act 2013
This query is : Resolved
02 August 2016
in clause (d)------ whether it (2% of turnover) or (total income) or 2% of(turnover or total income)
02 August 2016
2% of or more of gross turnover or total income or 50 lakhs rs whichever is lower is applicable first
02 August 2016
you just put the law language written in the section. but my query is that 2% is linked with total income or not
02 August 2016
Yes it is also linked with total income , It is either of 4 :- Gross Turnover ; Total Income ; 50 lacs ; Amount as prescribed
10 August 2016
@salil, yes its law language, at the end of the answer, i suggest you the answer too. whichever come first is applicable
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