Rates of Tax

Direct Taxation

At CA Inter/IPCC level, in taxation syllabus, calculation of total income and tax is covered only for Individual. In study material rates of tax/slab is also given for other persons (like co., firm, society etc.). Can they be ignored?

Deepak Gupta

CA Inter

★ 1K+

25-Dec-20 13:02

814

Answers (6)

You can just remember the rates.

CA Suraj Lakhotia

Admin

25-Dec-20 19:41

CA Suraj Lakhotia Admin

You can just remember the rates.

But in the lecture videos it is not covered

jyoti giria

CA Inter

★ 615

29-Dec-20 16:13

Surcharge rates are also not covered...

Siva Kumar

CA Inter

★ 715

29-Dec-20 18:27

Siva Kumar

Surcharge rates are also not covered...

Where are you referring to? It is covered in video no 18 for what is applicable for CA Inter. Questions on companies are not tested for tax computation.

CA Suraj Lakhotia

Admin

29-Dec-20 21:22

CA Suraj Lakhotia Admin

Where are you referring to? It is covered in video no 18 for what is applicable for CA Inter. Questions on companies are not tested for tax computation.

I asked about co.,firm & LA..

Siva Kumar

CA Inter

★ 715

29-Dec-20 21:47

Siva Kumar

I asked about co.,firm & LA..

What is tested at CA Inter Level is the computation of tax liability of individuals. If you want to refer to the rates for Firm, Company etc, you can refer to the notes. They are just rates and computation on these are not tested.

CA Suraj Lakhotia

Admin

29-Dec-20 21:51