banner_ad

Income tax query for partnership firm

Tax queries 152 views 1 replies

Greeting Experts and members,

i had a query. i have 2 partner small company whose annual turnover for FY 2016-17 was 73 lakh.

the gross profit for the same is 30,72,000

After deducting partner remuneration and the interest the final net profit comes to around 9,50,000 

Now my query is what will be beneficial for me? can i opt for 6% presumtive tax as all my taxation are through cheques only.

If yes then what will happen to the remuneration and other interest? can someone simplify for me?

with regards.

 

 

Replies (1)

Yes You can file it...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details