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Partnership firm solution
Ek educational Partnership firm bank se loan krana chahti hai,5 lakh tk ki itr 16 and 17 ki bhri ja skti hai without audit ke,kitna tax bnega,plz reply
Replies (9)
Your firm will have to pay tax Rs. 1,54,500 along with interest payable under Section 234A, Section 234B and Section 234C of the Act.
Tax Date in your case will be 30% plus 3% education cess.
Tax Date in your case will be 30% plus 3% education cess.
This tax is for each financial year in which your firm will file return of income.
Your firm will be required to get its books of Account audited by CA under Section 44AB only when it's gross receipt exceed Rs. 1 crore.
K,thnku
Sir ji kya 2. 5 lakh bi exempt ni hai Partnership firm ke matter me
Sorry.....
Exemption not available
K,thnku
No. Partnership firm income will be taxed at a flat rate of 30%.
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