Surcharge for the company
This query is : Resolved
Ravi Kumar Rajgaria
(Querist)
08 May 2008
Surcharge is applicable for the company when total income cross 1 crore.This total income is net taxable income after deduction or profit as per P/L Account?
Please guide......
Please guide......
Amit Sharma
(Expert)
08 May 2008
Dear Ravi,
Surcharge is on the net amount i.e.income minus deductions .
Hope you can understood now.
Surcharge is on the net amount i.e.income minus deductions .
Hope you can understood now.
09 May 2008
NET TAXABLE INCOME ON WHICH INCOME TAX IS CALCULATED.SURCHARGE IS ON TAX.
R.V.RAO
R.V.RAO
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