Hello Evry1,
Can any one tell me the presumptive tax rate applicable for retail trade for march 2010.is it 5% or 8%
or, from which financial year, 8% of turnover rate is aaplicable??
bharat
(ARTICLE)
(86 Points)
Replied 21 March 2010
Hi,
1) For AY 2010 - 2011 - 44AF - 5%
2) w.e.f. AY 2011 - 2012 - 44AD - 8% (from Ay 11-12 44AF wiil be abolished and 44AD will App. to retail business)
CA PRAVEEN KESHAV
(CHARTERED ACCOUNTANT)
(331 Points)
Replied 22 March 2010
for A.Y.2010-2011 it is 5% u/s54AF
Dimple
(Student)
(364 Points)
Replied 22 March 2010
Thanks All...
Can ne1 attach the latest TDS amendments?
Thanks in Advance..
Regards,
Dimple