Sec 40(b)
This query is : Resolved
24 April 2010
Pls anyone give me the latest changes to sec 40(b) for the A.Y-2010-11
24 April 2010
FOR CALCULATION OF % BOOK PROFIT IS CHANGED
NOW SAME LIMIT FOR BUSINESS & PROFESSIONAL FIRMS
UP TO RS. 3 LACS OF BOOK PROFIT - 90% OR 1.5 LAC WEH
AND BALANCE OF BOOK PROFIT - 60% OF BOOK PROFIT
NOW SAME LIMIT FOR BUSINESS & PROFESSIONAL FIRMS
UP TO RS. 3 LACS OF BOOK PROFIT - 90% OR 1.5 LAC WEH
AND BALANCE OF BOOK PROFIT - 60% OF BOOK PROFIT
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