SSI unit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2010
if a SSI unit creat income of Rs. 100000/- then what will be the tax, or income is exampt, or proprietors have to pay the tax on Rs. 100000 as his indivisual income
12 August 2010
For the A.Y. 2010-11 basic exemption limit for individual is Rs. 160000/-. Therefore if the income is only 1 lacs then no need to pay any income tax.
12 August 2010
AGREED, IN CASE OF PROPRIETORSHIP , TAX WILL BE PAID BY INDIVIDUAL WHO IS THE PROPRIETOR OF BUSINESS.
I.E HE HAS NEED NOT TO PAY TAX ON RS.1 LACS PROFIT FORM UNIT IF HE HAS NOT OTHER INCOME AND IF HAVE THEN IT IS BELOW RS.160000/-.
I.E HE HAS NEED NOT TO PAY TAX ON RS.1 LACS PROFIT FORM UNIT IF HE HAS NOT OTHER INCOME AND IF HAVE THEN IT IS BELOW RS.160000/-.
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2010
thank u sir
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