banner_ad

Reg. Income Tax of partnership Firms

Others 220 views 3 replies
I myself along with three others, am going to start a Partnership business. In this regard, my query is-

What will be the income tax rate that the firm will remain liable to pay to the I. T. Department against its profit/income?
Replies (3)
The rate of tax is 30% subject to surcharge and 4% cess

The tax rate will be 30%+surcharge is applicable+4% cess.

Sir, please let me know on what basis the tax is calculated? Is this 30% applicable on Gross Profit of the firm in a FY?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details