Tax query

raheev (Querist) 25 May 2012 This query is : Resolved
good afternoon to all experts
sir can you calculate that what will be my total tax liablity
turn over - 15000000
salary- 500000
depriciation 10000

than sir can calculate my tax liablity for the fy. 2012-2013.if my turn over upto 100 lakh than i will calculate tax @ 8% and u/s 44ad but sir turnover above 100 lakh. so plz help me sir

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Sankaranarayanan (Expert) 25 May 2012
U r well earn capacity so you can offerewd to pay consulting services. So approch local CA or lawyer

Suhail A.Siddiqui (Expert) 25 May 2012
Always try for genuine query, It confidential matter keep in your mind don't try to educate people

C. P. CHUGH (Expert) 27 May 2012
Since Your Turnover exceeds the limit specified in section 44AB of the Act, you are required to get your accounts audited by a Chartered Accountant. Better engage as early possible and have your querries answered from him.

Adv C P Chugh
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