Hi,
I have a confusion regarding Surcharge on IT for Partnership Firms for FY 2009-2010.
Can someone help me with link to Govt website which specifies this for FY 2009-2010 for Partnership firms.
Thx
Sans
6 Replies
Sagar Kulkarni
(Articled Assistant)
(85 Points)
Replied 20 July 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.
C.Balaji
(Learner)
(1867 Points)
Replied 21 July 2010
Yes... Agree with above....
A.Y. 2010 - 2011 - No Surcharge for Firms.... Surcharge applicable only for companies....
Sanjay
(Director)
(155 Points)
Replied 21 July 2010
My friend tells me that for Book Profit above 1 Cr, Surcharge is applicable to partnership firms also.
Kindly clarify
Sans
FATEMA
(CHARTERED ACCOUNTANT)
(719 Points)
Replied 21 July 2010
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
Recent Topics
- Subsidy and Holding Transactions
- Gst invoice in upi receipt
- How to fill PTRC NIL return late fee chllan o
- HRA and 80 C exemption in old regime
- GST charged on security services invoice
- Form 15CA Applicability to House Rent Payments to
- Issue with GSTR-1 Excel File Validation in GST Off
- Https://www.facebook.com/GreenBowCBDGummiesuse/
- GST clarification required
- ONLINE FORM AVAILABLE FOR ITR-1 AND ITR-4
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
