Rate of tax in the case of chamber of commerce registered u/s 25 of co.Act

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..... Chamber of commerce is registered u/s 25 of the Co. Act 1956 , Chamber is not registered u/s 12A of the Incometax. There is surplus of income over expenditure. A.O has calculated tax at maxium .....

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..... marginal rare i.e. 30% Is A.O. correct. There is circular no.320 dated 11/01/1982 . According to the circular tax will payable at rate ordinarily applicable to the total income of an A.O.P. and .....

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..... not at the maxium marginal rate. - Rate of tax in the case of chamber of commerce registered u/s 25 of co.Act - Query Started By: - GOPAL HARLALKA Dated:- 25-7-2015 Income Tax - Income Tax - Dis .....

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..... cussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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