When deadline to pay that income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2011
sir i need some doubts for income tax return.
actually we are runing one small comercial concern.i need limitation for tax pay
actually we are runing one small comercial concern.i need limitation for tax pay
CMA Ramesh Krishnan
(Expert)
18 August 2011
you need to find out the income as per computation of Income from business and need to pay tax
CA PARAS BAFNA
(Expert)
18 August 2011
Limitation for Tax pay...
Upto 1.60 lacs tax is not required to be paid. If your income is between 1.60lac to 5.00 lac you have to pay 10% tax on the amount exceeding Rs 1.60 lac.
Further you can file your return under presumptive scheme. You have to declare 8% profit on your sales or gross receipts.
Upto 1.60 lacs tax is not required to be paid. If your income is between 1.60lac to 5.00 lac you have to pay 10% tax on the amount exceeding Rs 1.60 lac.
Further you can file your return under presumptive scheme. You have to declare 8% profit on your sales or gross receipts.
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