in which percentage will deduct my tax
This query is : Resolved
Guest
Guest
(Querist)
29 September 2010
can anyone tell me that i am a individual & i have a firm but i use my pan card behalf of my firm.& my incometax for the year of 2009-2010 206250 . & sir i paid income tax of my firm 5625 without education cess can anyone tell me in which percentage income tax will deduct my tax. as per my knowledge 30% & sir plz tell me
29 September 2010
Your query is not clear, how you can find out the rate of income tax without provide the income
29 September 2010
Dear ???,
The Income Tax Act, 1961 do not differiantiate between individual & its proprietorship firm. both are considered same & the income of proprietorship is taxed in hands of individuals itself.
I hope this calrifies your question or please elaborate on your question.
The Income Tax Act, 1961 do not differiantiate between individual & its proprietorship firm. both are considered same & the income of proprietorship is taxed in hands of individuals itself.
I hope this calrifies your question or please elaborate on your question.
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