HOW A PARTNERSHIP FIRM CALCULATE TAX ON INCOME
Answers were Sorted based on User's Feedback
Answer / faisal
i want to know that how can we calculate interest on capital
of partner. what is the method of interest calculate of
partner capital amount
| Is This Answer Correct ? | 28 Yes | 7 No |
Answer / anil prajapti
Income Tax Rates for Partnership Firms
Assessment Year 2010-11
Flat rate of tax at 30% on the total income of the firm.
Surcharge: Nil
Education Cess: 2% of the amount of Income Tax
Secondary & Higher Education Cess: 1% on the amount of
Income Tax
Assessment Year 2008-09 and 2009-10
Flat rate of tax at 30 % on total income of the firm
Surcharge: 10% of Income tax (after rebate u/s 88E, if any)
if the net income exceeds Rs. 1 Crore. It is subject to
marginal relief in cases where income is marginally
exceeding Rs. 1 Crore.
Education Cess: 2% of the amount of Income Tax and the
surcharge
Secondary & Higher Education Cess: 1% on the amount of
Income Tax and the surcharge
| Is This Answer Correct ? | 22 Yes | 4 No |
when to apply tds
when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com
When we (Company) deduct surcharge of Contractor (above 10 Lakhs Individual, 1 Crore in case of Company) Pl confirm the meaning of 10 lakhs and 1 Crore. Either it means payment made to the contractor in a year by a company or one & more company (Aggreg. Income). Pl explan in detail.
What is a service tax?.How to pay the service tax return?
pls tell what is TDS CONCEPT IN RELETION TO TRANSPORTOR
which is the first liability for pay Service Tax to GOvt
If some body asks me m y TIN number what does that mean?? Is it my Taxpayers Identification number or it is my Tax invoice number? What does both of these stands for???
What is Mean By Defered Tax, How To Calculate?
what is Input and Output
I have raised and rendered services in Nepal and received the TDS Certificate in Nepal Currency Can i cliam this TDS in India ? or Nepal /
sir mai ek bar cst online tax payment kar raha tha to sar maine tac par na click kar ke interst par click kar di ho mai kya karu please give a anwers
if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?