Interested to Buy Any Domain ? << Click Here >> for more details...
what is surcharge. when it is chargeable.
show all information about surcharge
- 1 Answers
- 3703 Views
- I also Faced
- E-Mail Answers
Answer Posted / mita rungta
SURCHARGE MEANS AN EXTRA FEE ADDED ON TO ANOTHER CHARGE.
The amount of income tax computed in accordance with the provisions or in section 111A or section 112 shall, in the case of every individual or Hindu Undivided Family or Association Of Persons or Body Of Individuals having a total income exceeding Rs 10,00,000/-, be reduced by the amount of rebate {if any} of income tax calculated under Chapter VIIIA, and the income tax as so reduced, be increased by a surcharge for the purpose of the Union calculated at the rate of 10% of such income tax.
Hence, no surcharge is to be levied if the total income does not exceed rs 10,00,000/-
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
Hi, Can somebody help me to know whether WCT MVAt is applicable on catering service, if the caterer is uses his own material and labour for doing cooking in our premises and later the product is sold in the same premises for the employees. Kinldy advice whether WCT will be deducted on this.
How much is the VAT in UAE
What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?
when form h, form d, form 38, form h issu , what is the process of get it , who is the liable to get it , any % tax apply against issu this form, please give me answer on my e.mail sonidilip87@yahoo.com
Dear Sir/Mam Please send me a return under delhi vat for learning purpose Thank & Regards Sonu Kumar
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
Let me know the clauses (A)& (B) Of section 113 of the finance (No.2)Act2009?
We had paid TDS against rent in assessment year 2009-2010. But by mistake one of the pan no of the landlord was wrongly entered. Now the demand has been raised. Please advise how to correct the situation.
how we calculate the tds on salary.
How many heads are there under total income? Name them.
IF XXX GOT AN ORDER FROM APTRANSCO AS WORKS CONTRACT NOW XXX PLACED AN ORDER TO YYY THAT TO SUPPLY 50% OF THE MATERIAL IN ORDER. NOW WHAT IS THE SALES TAX RATE HAVE TO CHARGE BY YYY TO XXX. NOW MY DOUGHT IS YYY IS NOT SUPPLING THE GOODS TO APTRANSCO, HE CANT CHARGE 4%, IF POSSIBLE PLEASE TELL ME THT HOW CAN HE .
what is excise
What is the difference between Indian and us taxation
We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.
What r the foll tax deductions for :- 1.TDS 2.WCT Give me answers in detail & give me some addtional info on these topics which would be helpful for me.
