12-20-2011, 10:23 PM
Thanks
One more thing where should we show our receipts against sec 153 ( min tax ) .Should we mention it in Annex B or show proper receipt and expenses,Calculate tax liability on the basis of this?
For eg
our recipts u/s 153 Rs 100000
cost of receipts 30000
Tax deducted 6 % 6000 min tax
Tax on cash with drawal 200
One more thing where should we show our receipts against sec 153 ( min tax ) .Should we mention it in Annex B or show proper receipt and expenses,Calculate tax liability on the basis of this?
For eg
our recipts u/s 153 Rs 100000
cost of receipts 30000
Tax deducted 6 % 6000 min tax
Tax on cash with drawal 200