Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

  1. Categories >> Accounting >> Taxation
  2. Suggest New Category

what is exemption of income tax in case of huf and a firm

Question Posted / harvinder


what is exemption of income tax in case of huf and a firm..

Answer / viswanatha

For any other individual, every Huf/aop/boi/ artificial juridical person
up to Rs. 1,60,000/-
Rs.1,60,000/- Rs.3,00,000/- 10%of (total income minus . Rs.1,60,000/-)
Rs.3,00,000/- 5,00,000/- 20%
RS.above 5,00,000/- 30%

Firms:- A firm is taxable at the rate of 30% for the assessment year 2010-11 and 2011-2012

Is This Answer Correct ?    2 Yes 0 No

Post New Answer

More Taxation Interview Questions

what is sales tax assesment or annuel return company and how to do end of the finiancial year and what is form no 240.

0 Answers  

Whatis ir TDS rate of international creditors for F.Y.2012- 13)

2 Answers  

Is Late fee and service tax thereon LIC Premium is elgible for deduction u/s 80C ?

2 Answers   Voltas,

What is the meaning of dealer?

11 Answers  

Can anyone tell me the limit of Professional fees on which service tax is to be charged?

1 Answers  

I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.

0 Answers  

what is the difference between CST, VAT, SALES TAX, EXCISE DUTY, CUSTOMS DUTY

15 Answers   Bhushan Power Steel, Chill Land, ITC Infotech, Valeo Lighting Systems India Private Limited,

what is direct incom

7 Answers  

what is the threshold limit on contract for financial year 2008-09

3 Answers   TCS,

What is form E-I & E-II ?

3 Answers  

What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.

0 Answers  

can anyone tell me rates of TDS for payment of contract, consultancy, advertizing, statioenry, salary, professional charges, technical fees, & honorarium for the financial year 2008-09

6 Answers   JG Group,

For more Taxation Interview Questions Click Here
Categories