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Surcharge on Partnership firms

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(Querist)
17 June 2008 respected all,

Is surcharge rate@ 10% is applicable even if a partnership firm makes a turnover below 1 crore.Is surcharge is compulsory to the firms.

pls clarify,

thanks.
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
17 June 2008 if net prfit is in excee of rs one crores then surcharge is applicable
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CA. PRASAD

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CA. PRASAD (Expert)
17 June 2008 if the total income of the Firm exceeds Rs. 1 crores, then sc @ 10 % is applicable.




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