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Former Member
Jan 21, 2012 at 05:08 AM

Tax Calculation

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Hi All,

U have made a Transaction Worth Rs.1,00,000..Then We made a down Payment worth Rs.50,000..Then the FY came to an end. When we are calculating TAX for the FY,on which amount we will calculate TAX? do we calculate TAX for this transaction ?

Then NEXT YEAR do we again calculate for Rs.1,00,000.or the remaining Rs.50,000

Regards

Saketh.K