Rathod Raj (Director) (134 Points)
03 December 2010
Ankit Agarwalla
(CA)
(281 Points)
Replied 03 December 2010
Please be clear with your question??
Tax Rate applicable for a company is @ 30% flat( of profits)+ Surcharge @ 2.5% if income exceeds 1 Crore. Also EC & SHEC @ 3% will be levied on it.
| Originally posted by : Ankit | ||
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Please be clear with your question?? Tax Rate applicable for a company is @ 30% flat( of profits)+ Surcharge @ 2.5% if income exceeds 1 Crore. Also EC & SHEC @ 3% will be levied on it. |
 |
agreed
Priyank
(Learner)
(98 Points)
Replied 05 December 2010
Tax shall be higher of MAT(18% of Book Profit) or Normal tax as stated above
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
