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44AF amendment

Tax queries 3494 views 8 replies

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??

Replies (8)

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) 

totally agreed with Bharat's Answer

Agree with Bharat....

Agree with Bharat....

aggree with bharat

for A.Y.2010-2011 it is   5% u/s54AF

Thanks All...

Can ne1 attach the latest TDS amendments?

Thanks in Advance..

Regards,

Dimple

agreed


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