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SURCHARGE A.Y2009-10

CA N.Dhivya Lakshmi (Chartered Accountant) (515 Points)

05 October 2009

Wat rate of surcharge applicable for individual, firm an company for A.Y 2009-10??? Is d new amendment applicable for dis Nov2009 exam??

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7 Replies

Aditi (student ) (126 Points)
Replied 05 October 2009

the new amendments r applicable for nov 09...

stcg u/s 111A is taxable now at 15% instead of 10%.

SURCHARGE:

For individual,HUF,AOP,BOI having income exceeding Rs.10 lacs---10% of income tax

For artificial juridicial person---10% of income tax

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CA. Megha Topiwala (Job) (1534 Points)
Replied 05 October 2009

yeh.. abv rates r correct... n applicable 4 nov 09 exms...

Varsha (Accountant) (564 Points)
Replied 06 October 2009

yes aboves ans is exactly rite.....

AHAMED. B (3 'C' - Final) (273 Points)
Replied 06 October 2009

Originally posted by :Aditi
"	the new amendments r applicable for nov 09... stcg u/s 111A is taxable now at 15% instead of 10%. SURCHARGE: For individual,HUF,AOP,BOI having income exceeding Rs.10 lacs---10% of income tax For artificial juridicial person---10% of income tax	"

S u r correct.... But are these new amendments??? I think its amended by the Finance Act 2008 itself and not the amended provisions of IT by the Finance Act 2009.. Amended provisions of IT by Finance Act 2008 is only applicable for Nov 2009 exams.......

ashish gupta ( student) (1922 Points)
Replied 06 October 2009

Yes, please dont get confused, all these amendmensts were of finance act 2008 and were also applicable in june 09 exams.

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ca tarun sharma (SERVICE) (277 Points)
Replied 06 October 2009

surcharge for firm & co will be 10 % if total income exceeds rs 1 cr.

The Harshit Aggarwal (B.Com(H) ,CS Final) (5278 Points)
Replied 06 October 2009

Originally posted by :Aditi
"	the new amendments r applicable for nov 09... stcg u/s 111A is taxable now at 15% instead of 10%. SURCHARGE: For individual,HUF,AOP,BOI having income exceeding Rs.10 lacs---10% of income tax For artificial juridicial person---10% of income tax	"