10 March 2013
You have not mentioned the assessment year. however, it is presumed that the assessment year 2012-13: Deemed Profit u/s. 44AD presuming it is not professional concern or having commission income - 276946. The net income after deducting Partners Remuneration and Interest the profit will come 61436. Tax Rate is 30%, Cess on Tax 3% and interest as applicable.
10 March 2013
You have not mentioned the assessment year. however, it is presumed that the assessment year 2012-13: Deemed Profit u/s. 44AD presuming it is not professional concern or having commission income - 276946. The net income after deducting Partners Remuneration and Interest the profit will come 61436. Tax Rate is 30%, Cess on Tax 3% and interest as applicable.
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