Income tax calculation process on partnership firm

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538 Points Posted on 08 April 2023
Sir, pls inform me income tax calculation process on partnership firm
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On 08 April 2023 at 12:56 Report
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This discussion outlines the income tax calculation process for partnership firms. It explains that firms are generally liable to pay 30% of their total income. If the total income surpasses £1 crore, an additional 12% surcharge applies, along with education and higher education cesses.

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ACCOUNTS MANAGER
2213 Points Posted on 08 April 2023

partnership firms are liable to pay 30% of total income & if total income exceeds 1 cr. surcharge 12% & education cess & higher edu. cess also liable to pay . 

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On 08 April 2023 at 13:56
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Profession Business
28246 Points Posted on 08 April 2023
Partnership firm.. calculate fron back side.
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On 08 April 2023 at 14:07

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