marginal relief

 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 ????????????????/

Replies (2)

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

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