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U have made a Transaction Worth Rs.1,00,000..Then We made a
down Payment worth Rs.50,000..Then the FY came to an end.
When we are calculating TAX for the FY,on which amount we
will calculate TAX,do we calculate TAX for this
transaction ? .Then NEXT YEAR do we again calculate for
Rs.1,00,000.or the remaining Rs.50,000.
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Answer Posted / mohd majid khan
Hello all can anybody clear about this transaction b coz
somebody said have to calculate on one transaction and some
said on both so which one is correct. please say something
more.......
Thanks
Majid
| Is This Answer Correct ? | 2 Yes | 1 No |
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