Advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 March 2016
in partnership firm income calculate after remuneration and capital interest ? means
Net Profit Before Capital Interest & Remuneration : 10,00,000/-
Interest on capital paid : 2,00,000/-
Remuneration : 3,00,000/
So Advance tax calulate on 10,00,000 or after deduction of Expenses means 5,00,000
Net Profit Before Capital Interest & Remuneration : 10,00,000/-
Interest on capital paid : 2,00,000/-
Remuneration : 3,00,000/
So Advance tax calulate on 10,00,000 or after deduction of Expenses means 5,00,000
07 March 2016
After deduction of all interest & remuneration...
But pay advance tax on this income in partners hand.
But pay advance tax on this income in partners hand.
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