income tax
m.prasad (B.Com) (128 Points)
15 June 2019
Sir we have a partnership firm our turnover fy is 2018-19 is 5620758/- u/44ad net profit and how much tax we have to pay
2 Replies
P M Panchal
(other)
(291 Points)
Replied 15 June 2019
Tax for partneship firm is @ 30% + 4% cess.
Taxable profit u/s. 44AD will be 6/8% of digital/cash turnover (minimum)
m.prasad
(B.Com)
(128 Points)
Replied 15 June 2019
tax on 5620758/-× 8%=449661, ×31.2%=140294/- we have to pay tax
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