29 June 2010
if a person taxable income more than 10 lacs then surcharge applicable on income or not? & is applicable on company or not if yes than what is limit for it
30 June 2010
Dear Mr. Aditya, Year has not mentioned in the question. You have replied for the year F.y. 2009-10. How wuold you know that Jitender is asking for the year f.y. 2009-10.
30 June 2010
AGREE WITH ADITYA JI AND PYNE JI.......BUT PUJAH JI YOUR REPLY WAS NOT CORRECT. ALSO ADITYA JI IF YOUR REPLY IS THANKED IT CAN ONLY BE VIEWD BY YOU AND NOT OTHER EXPERTS. SO PYNE JI WAS CORRECT IN GIVING DETAILS. NOTHING WRONG WITH THAT.
30 June 2010
All is well, but surcharge is 10% of income tax on income and not simply on income. Or your defination of income means income tax on income i think by the reply.
30 June 2010
Respected sanjay sir, i know this is a mistake done by pujah but rectify after that. i committed a mistake also, so i corrected my self also, it is only presentation mistake, not conceptually.
30 June 2010
How can u say it is just a conceptual mistake as it make a huge difference if surchage is paid on income tax and surcharge is paid on income and cess.
We look upto u as u are a very senior member for your guidance.
Also now all was well with the other two and now for u too seperately.
Also regarding u mentioning that u have freedom to express urself there are more than 20,000 open queries which is open for views of the all the experts rather than expressing views on resolved queries.
CAclubindia
