XYZ LLP has income of ₹72,00,000 under the head 'profits and gains of business or profession'. One of its business is eligible for deduction @ 100% of profits under section 80-IB for the assessment year 2014-15. The prof
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2014
XYZ LLP has income of ₹72,00,000 under the head 'profits and gains of business or profession'. One of its business is eligible for deduction @ 100% of profits under section 80-IB for the assessment year 2014-15. The profit from such business included in the business income is ₹58,00,000. Compute the tax payable by the LLP, assuming that it has no other income during the previous year 2013-14.
Topics: Income Tax
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