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deferred tax

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(Querist)
10 October 2007 what is the current deferred tax rate?
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Ravikumar.G

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Ravikumar.G (Expert)
10 October 2007 30 % SC 10% (If their will exceed 1C)+EC(2%)+SHEC(1%)
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CMA Gul S

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CMA Gul S (Expert)
10 October 2007 The deffered tax rate is 30.90% (i.e 30% IT + 2% Cess + 1% SHECess).

But if Income > 1Crore it is 33.99%
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
10 October 2007 There is no such rate defined in act, its a current tax rate and nothing else, dont be confused.
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Ravikumar.G

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Ravikumar.G (Expert)
10 October 2007 It is future tax rate. For Ex FY 06-07 for regular tax SHEC will not applicable but as per DT Calculation SHEC 1% applicable.

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