Menu
income tax
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
Replies (2)
Tax for partneship firm is @ 30% + 4% cess.
Taxable profit u/s. 44AD will be 6/8% of digital/cash turnover (minimum)
tax on 5620758/-× 8%=449661, ×31.2%=140294/- we have to pay tax
Recent Threads
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
Related Threads
CAclubindia
