Tax calculation

This query is : Resolved

Swapnil Balasaheb Mohite (Querist)
Follow

28 June 2014 Dear Sir,

I have query for it return for ay 2012-13.
What is the tax liability for given below details?
as per 26AS total ternover is rs 4897912.00 and TDS has to deducted Rs 90212.00 and no other any income.
please tell me in details as per u/s 44ad.

CA. Amit G. Chandani

CA. Amit G. Chandani (Expert)
Follow

28 June 2014 Income to be shown u.s 44AD should be below Rs. 391833 for turnover of Rs. 4897912. For AY 2012-13, if assessee is Individual/HUF, total tax liability is Rs. 21,820/-, while if assessee is partnership firm, total tax liability is Rs. 1,21,080. TDS can be adjusted against such liability.

Swapnil Balasaheb Mohite

Swapnil Balasaheb Mohite (Querist)
Follow

30 June 2014 I show this amount as a income but i got intimation u?s 1431a that shows double income I.E. rs 783666.00 but how?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

26 July 2025 https://docs.google.com/document/d/1Vxt7SNGEw9d3AN-GolehOJc2X5zRskvd8xJWvk5CG1s/edit?usp=sharing

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Sanoj T

madhu Reddy

Vasudevan Santhanam

velichety.l.narasimharao

shanmukha sai

Subscribe Now

Tax calculation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA