Dear friends pls clarify as stated below:
If the assessible value is 90
edu cess 10% 9.00
cess on e.d 2% 0.18
s&h 1% 0.09
total 9.27
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Reverse caln.
= 90/99.27*100 90.66
e.d 9.07
cess on e.d 0.18
s&h 0.09
total 100.00
but the assessable value is 90/-, pls clarify
Pls guide me..
best regards
malarvannan
CAclubindia
