RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 08 July 2009
NO ITS STILL THERE @ 2.5% FOR COMPANIES HAVING TURNOVER MORE THAN 1 CRORES
RAMANJU
(here to updating the knowledge)
(485 Points)
Replied 08 July 2009
Krutesh Patel
(ACA)
(727 Points)
Replied 08 July 2009
| Originally posted by :Tinku | ||
| " | Hi Ramanju, SC on Firm & Domestic company @ 10% and on Foreign Company @ 2.25%. |
" |
Hello friends,
Surcharge on Individual, HUF, Partnership firm, Association of Persons, Body of Individuals are abolished in budget 2009. However domestic companies are liable to pay surcharge @ 10% if income exceeds 1 cr. and company other than domestic company are liable for surcharge @ 2.5%
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 08 July 2009
Surcharge on other than corporate assessees have been scrapped and also for firms
Domestic companies are liable to pay surcharge @ 10% if income exceeds 1 cr. and company other than domestic company are liable for surcharge @ 2.5%
ca tarun sharma
(SERVICE)
(277 Points)
Replied 09 July 2009
surcharge has been scrapped for only individual & Huf & it is continue for other assesee @ 10 % of taxable income if taxable income exceeds Rs 1 cr
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 12 July 2009
Surcharge on firms has also been removed. Only companies liable to pay surcharge now.
CAclubindia
