society tax
This query is : Resolved
05 September 2010
IN THE INCOME TAX PROVISION THE SOCIETY ACT IS DIFFER I MEAN TO SAY IT THE SOEICTY INCOME IS ABOVER RS. 1000/- THEN THE TAX RATE IS 10 % . WE ARE RUNNING THE ASSOCIATION OF PERSON WHILE FILLING OF THE RETURN ITR -5 , THE TOTAL INCOME IS 170000/- THUS OUR AOP RETURN SHOWS RS. 1000/- TAX ( 170000-160000 ) = 10000/- X 10% = 1000/- I WANT TO KNOW WHICH RATE OF TAX WILL APPLICABLE IN THIS CASE
05 September 2010
Society and AOP both are different and tax on AOP is applicable as Individual slab.
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