Tax Rates

WhatIs exact Tax Rate For Business Man?
And Over How Much Income He Has To File An Audit?
And Is There Any Percentage Of Profit Matters In Audit If Income Is Not Above 2 Cr?
And How Can I Make A Way To Not Make An Audit?
Replies (1)
 
 

What Is exact Tax Rate For Business Man?

As per slab rate....... & normally net profit margin above 8% of turnover.

And Over How Much Income He Has To File An Audit?

For business 1 cr (or upto 2 Cr, for presumptive assessment); while for professions 50 lakhs.

And Is There Any Percentage Of Profit Matters In Audit

Not as per act.

If Income Is Not Above 2 Cr? How Can I Make A Way To Not Make An Audit?

Sec. 44AD will be helpful (i.e. presumptive assessment) by declaring minimum 8% profit ....

 

 

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