what is the income tax rates of domestic and forgin companies
Answer / deep
In case of a Domestic Company - 30% of the total income.
In case of a company other than a Domestic company -
i) on certain specified incomes- 50%
ii) on the balance, if any, of the total income- 40%
Is This Answer Correct ? | 5 Yes | 0 No |
HOW TO MAKE BALANCE SHEET OF PROPRIETOR? IF THERE ARE ANY OTHER INVESTMENT OF PROPRIETOR LIKE FLAT,GOLD,SILVER THEN WHAT WILL BE THE CAPITAL OF PROPRITOR IN HIS PERSONAL BALANCE SHEET? WILL THE CAPITAL OF HIS FIRM WILL BE THE CAPITAL OF HIS PERSONAL BALANCE SHEET? FOR EXAMPLE IN HIS FIRM CAPITAL A/C IS 39LAC.BUT IN HIS OTHER INVESTENT(WHICH HAS NOT BEEN SHOWN IN HIS FIRM'S BALANCE SHEET) HE HAS FLAT OF 310000, GOLD OF RS.15LAC AND SILVER OF RS.3LAC THEN WHAT WOULD BE HIS PERSONAL BALANCE SHEET? PLS ANSWER ME.
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