44AF amendment

Tax queries 3428 views 8 replies
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Student
364 Points Joined October 2009

Hello Evry1,

Can any one tell me the presumptive tax rate applicable for retail trade for march 2010.is it 5% or 8%

or, from which financial year, 8% of turnover rate is aaplicable??

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On 21 March 2010 at 19:05 Report
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ARTICLE
86 Points Joined June 2009

Hi,

1)  For AY 2010 - 2011    -    44AF  -      5%

2)  w.e.f. AY 2011 - 2012  -  44AD  - 8%     (from Ay  11-12  44AF wiil be abolished and 44AD will App. to retail business) 

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On 21 March 2010 at 19:16
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art
141 Points Joined February 2010

totally agreed with Bharat's Answer

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On 22 March 2010 at 08:55
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Learner
1867 Points Joined October 2008

Agree with Bharat....

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On 22 March 2010 at 11:51
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Learner
1867 Points Joined October 2008

Agree with Bharat....

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On 22 March 2010 at 11:52
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ca final student
73 Points Joined August 2009

aggree with bharat

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On 22 March 2010 at 14:24
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CHARTERED ACCOUNTANT
331 Points Joined February 2009

for A.Y.2010-2011 it is   5% u/s54AF

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On 22 March 2010 at 15:20
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Student
364 Points Joined October 2009

Thanks All...

Can ne1 attach the latest TDS amendments?

Thanks in Advance..

Regards,

Dimple

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On 22 March 2010 at 16:44
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MANAGER AUDIT
198 Points Joined September 2009

agreed

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On 22 May 2010 at 13:55


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