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htra set exam they are giving answer tax liability is rs. 3,00,000 it's correct or wrong and suggest me which book i will refer for this question because i will challenge it. i think it's wrong answer
the tax liability on the total income before remuneration and interest rs.60000 of a professional firm is rs.1000000.after considering the dedication permissible u / s 40 ( b ), the tax payable by firm excluding education cess as will be. ....
Replies (4)
what is Rs. 10,00,000 is that remuneration?
if Rs.10,00,000 is Total Income Then Answer is Correct
Tax on Total Income Is Rs. 10,00,000 x 30% = Rs.3,00,000
Rs. 60,000 Is Interest + Remunreation amount and is Rs.10,00,000 is after deducting this so Rs. 3,00,000 Is Right Answer
So Now What You Have Doubt In This
In this problem they suggested calculated partners tax liability . What is the answer
Can You Attached Question In PDF Format?
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