Surcharge on IT for Partnership Firms for FY 2009-2010

The link u want is- https://law.incometaxindia.gov.in/DIT/Xtras/taxcalc.aspx. 

As u can see, no surcharge on IT for Partnership Firms for FY 2009-2010.

dear sanjay

as per finance act09 amendments only companies will liable to pay surcharge.so surcharge is not applicable in case of firm

regards

tarun rustagi

Yes... Agree with above....

A.Y. 2010 - 2011 - No Surcharge for Firms.... Surcharge applicable only for companies....

My friend tells me that for Book Profit above 1 Cr, Surcharge is applicable to partnership firms also.

Kindly clarify

Sans

Sir,

A firm is taxable at flat rate of 30% .Surcharge is Nil even if the profit goes above 1 Cr.However Education cess of 2% of Income Tax and Secondary and higher education cess of 1% on income tax is chargeable.

Regards,

Fatema

dear sir

plz tell to ur friend about the amendments.now it is not applicable on firms.

regards

tarun rustagi