Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

TAXATION OF FIRMS-TAXATION OF FIRMS AND ITS PARTNERS

Income Tax - Partnership Firm / Limited Liability Partnership (LLP) - 01 - TAXATION OF FIRMS AND ITS PARTNERS: PROVISIONS IN BRIEF 1. Rate of Tax for Firms:- On total income (exclusive of STCG u/s 111A and LTCG) 30% On Long Term Capital Gain 20% On S .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

and SHEC @ 1% on total tax Shares of partners in the total income of the firm is EXEMPT in the hands of partners under section 140(2A). Remuneration and interest paid to the partners is allowed as deduction to the firm subject to the limits and condi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

tion 185 shall not be added to the income of the partners under section 28(v). Losses of the firm shall be carried forward by the firm and shall not be allocated to the partners. Where a change has been occured in the contitution of the firm, due to .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

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

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version