A COMPANY having following income,
business income 50 lacs
Capital gain LTCG @ 15 % 1003450.00
Other Source income @ 30% 40 lacs
total income 1 crore & 3450.00
in this case, will marginal relief be calculated ????? if yes HOW ???????
and what will be the amount of marginal relief ????????????????/
Please find the attached file for ur answer
Regards
With due regards to Mubeen , he is Completely wrong. The Surchare amount is Rs.2415 and not Rs.285052 as computed by Mubeen.
The appropriate calculation with reasons are attached in the excel file below.
Shiva
CAclubindia
