Answer / faisal

i want to know that how can we calculate interest on capital
of partner. what is the method of interest calculate of
partner capital amount

Answer / anil prajapti

Income Tax Rates for Partnership Firms
Assessment Year 2010-11

Flat rate of tax at 30% on the total income of the firm.
Surcharge: Nil
Education Cess: 2% of the amount of Income Tax
Secondary & Higher Education Cess: 1% on the amount of
Income Tax


Assessment Year 2008-09 and 2009-10

Flat rate of tax at 30 % on total income of the firm
Surcharge: 10% of Income tax (after rebate u/s 88E, if any)
if the net income exceeds Rs. 1 Crore. It is subject to
marginal relief in cases where income is marginally
exceeding Rs. 1 Crore.
Education Cess: 2% of the amount of Income Tax and the
surcharge
Secondary & Higher Education Cess: 1% on the amount of
Income Tax and the surcharge

if i am running a tank lorry and the income of the tank lorry comes under haryana VAT 2003?

0 Answers  

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Can I make a my HOUSE RENT AGREEMNT in the favour of my wife (LAND LORD) of Rs. 25000/- (twenty five thousand per month). if yes then what are the liabilities on me and my wife (land Lord) w.r.t INCOME TAX Act.

1 Answers  

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When private limited company liable to pay service tax???????

1 Answers  

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What are allowable and dis-allowable expenditure?

0 Answers  

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what is the different between CST , VAT, and Excise Duty ?

3 Answers   Dabur,

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sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?

0 Answers  

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Any body give journal entry for this PURCHASEA/C DR 500 S.TAX 50.0 SUNDRY CREDITOR 450.00 AND Which amount i taken in purchase ledger and which amount i taken in s.Tax ledger and which amount i taken in sundry creditors ledger wat are the details i require to maintain with regard to submitting of s.Tax return

3 Answers  

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We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices

0 Answers   Capital IQ,

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we have recd. 2 c form agn. 1 qtr so can we issue 2 e-1 form

1 Answers   ABC,

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My question is that if only 20% amount of lic is elgible in one financial year for tax exemption, than one time instalment in lic is elgible for tax exemption ?. for suppose i invest 25000 Rs. only one time in lic.pls. tell me it is elgible or not.

2 Answers  

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We have wrongly used road permit of other party in consignment to kolkatta.The road permit used is the party from Kolkatta.How to resolve the issue ??

0 Answers  

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How many turnover company active TAN no applicable and how many deduction % of service.

0 Answers   TSI Road King,

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