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
AJAY SINGH AND CO LLP
Thane
CA Final
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CCI
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CAclubindia
