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Partner ship firm tax

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(Querist)
04 September 2020 What is minimum tax will payble in partnership ITR a.y.20-21.
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praveen

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praveen (Expert)
05 September 2020 Taxation of partnership is flat 30% on all the profits earned during the year. However, there are deductions available for interest payable to Partners and Remuneration payable to Partners.

CA Praveen M R
https://prsrglobal.in/
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
05 September 2020 Tax rate for firm is 30% + cess
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