Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Discussions Forum
Home Forum Other Topics This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Bonus register for Allocable Surplus, Other Topics

Issue Id: - 116786
Dated: 12-10-2020
By:- CABIJENDERKUMAR BANSAL
Bonus register for Allocable Surplus

  • Contents

Dear Respected members,

Greetings! Having following queries in respect of Bonus register for Allocable Surplus as per payment of Bonus Act:--

1) For Finding gross profit and to deduct Capital Gain on sales of Assets as per Schedule 2, whether only those Assets are to be considered where Depreciation in Income TAx Act is not allowed..

2) For Finding Available Surplus, refer Sec 7 read with Sec 6, no account to be given to Unabsorbed depreciation and losses.. Whether if we have paid MAT, then too, we have to recalculate the Income TAx by avoiding Unabsorbed depreciation and Loss.

3) Also for Sec 6, For Income Tax, if we have Special Income like Long term capital gain, then same also needs to be deducted for finding Available Surplus.

4) As per Sec 2(4), for Allocable Surplus, if we have no Dividend proposed, then whether 67% rate to be used.

5) For Amount Set On/Set Off, as per understanding from Sec 16, no need for such amount for First 6 years. Please confirm.

Thanks in anticipation of doing needful.

Post Reply

Posts / Replies

Showing Replies 0 to 0 of 0 Records

No Post / Reply found for this query

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||