the assessee is running cold storage
and which section of income tax act deduction will be allowed in the Profit.
TDS u/s 194C will be applicable on it
SHUBHAM AGRAWAL (35 Points)
03 April 2024
APURBA CHATTERJEE
(QUALIFIED CHARTERED ACCOUNTANT)
(602 Points)
Replied 04 April 2024
TDS u/s 194C will be applicable on it
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 04 April 2024
I remember it as
PBIT
+Disallowed expenses
-allowable expenses
=taxable income
x tax rate
=CURRENT TAX. I think something like that is total tax formula. Different sections for different expenses and rules.
CA Raj Doshi
(Practising CA)
(8898 Points)
Replied 06 April 2024
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
