15 March 2011
Plz Explain me the concept of marginal relief..Is it available for all domestic companies??????is it always necessary to calculate it even if the turnover is less then 1 crore.......what is it??????plz rpl....
15 March 2011
Marginal Relief is calculated only when the company is attracting the Surcharge.
By example you can easily understand this. suppose tax rate is 30% and surcharge is 5%. Income of A Ltd - 99.9 lakhs then tax is 29.97 lakhs
Company-B income is 1.01crore then surcharge will attarct and its total tax will be 31.51lakhs. for gaining 1 lakh, he is paying a surcharge of 1.5 lakhs.
16 March 2011
Thank You..Sir..Plz let me know whether it is for foreign & domestic com..both.... Also tell me sir whether it is a new concept or not.....In which situations is it necessary to calculate marginal relief????plz let me know????
CAclubindia
