we have rec'd notice from income tax department for ay 2018-19 u/Sec. 1431a as we have calculated tax @ 25% and deposit accordingly. department asked tax @ 30% and demand differential tax. please help
Turnovers details is as follows
FY 17-18. 16-17. 15-16
Gross sale. 43.28cr. 45.82. 55.71
Less excise. .86cr. 5.83. 16.20
Net Sales. 42.42cr. 39.99. 39.51
Other Income 2.59cr. 3.24 1.75
CAclubindia
