Here is one query about Section 115JB of The Income Tax Act, 1961.
Suppose, while computation of tax as per the normal provisions, I came across one situation:
Business Income 100
Less: Brought Forward Losses/Unabsorbed Depreciation 30
Total Income 70
Less: Deduction u/s. 80IB @ 30% ????
Now my query is that the deduction under section 80IB is to be calculated @ 30 % on which amount,i.e., on 100 or on 70.
Please reply at the earliest.
--Devendra
on 70
Dear Davendra plz clear whether this 100 cr amt is only from income applicable for 80IB. If there is no other business except those covered under sec 80IB then deduction will be on 70 cr .
dear devender deduction u/s 80IB is on 70
TDS rate for Office Equipment on hire. It will be 2%+ Surcharge + Cess (means to be deducted u/s 194c)or 10%+ surcharge + cess (to be ducted u/s 194I). The total repair and Maintenance of the Equipment is with Vendor. Pls advise.
TDS rate for Office Equipment on hire. It will be 2%+ Surcharge + Cess (means to be deducted u/s 194c)or 10%+ surcharge + cess (to be ducted u/s 194I). The total repair and Maintenance of the Equipment is with Vendor. Pls advise.
Dear Dashvinder,
| Originally posted by :Devendra | ||
| " | Here is one query about Section 115JB of The Income Tax Act, 1961. Suppose, while computation of tax as per the normal provisions, I came across one situation: Business Income 100 Less: Brought Forward Losses/Unabsorbed Depreciation 30 Total Income 70 Less: Deduction u/s. 80IB @ 30% ???? Now my query is that the deduction under section 80IB is to be calculated @ 30 % on which amount,i.e., on 100 or on 70. Please reply at the earliest. --Devendra |
" |
on 70 sir.
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