what is the tax that is levied if company crosses 1.5
crores turnover

Answer Posted / sumit

company have to pay excise duty at the applicacle rates
at that time
before that the will be consider small scale if last year
turnover is below 4 crores

if last yaer turnover is more than 4 cr
then company have to normal tax on the turnover below 1.5
cr & turnover above 1.5 cr

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the difference between excise & service tax?

604


what is the detail procedure to filling ITR-I,ITR-II AND ITR- 1V V1 IE e-filling procedure

1562


A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?

1669


How to determine TDS on Salary ? what are Limit for HRA ,insurance premium , Loan installment, children education fee etc. what type of Deductions for salary. please Explain Full and complete this concept with one example which cover all aspects regarding TDS on Salary.

1536


i wanna p.y tax assistant exam question paper Please send this as earlier as.

1639






I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka

1807


DEFINATION OF CONTRACT ACT IN PARTNER SHIP FIRM AND COMPANY?

1818


What are the types of provident funds?

676


My Total CTC is 12500(not gross salary), i am living in Mysore(non-metropoliton city) what will be the take home salary after deduction? thanks in advance.

1092


HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,

2117


how to calculate entry tax interest rate 2011-2012 assessment pending amt. is Rs.32000

1674


what is cenvet credit in vat.

5789


How to make a bill of software sale with service tax?

1778


When and how Wct is applicable on Labour Job Work and what is the percentage?

2502


How to calculate the TDS

1810