Income Tax For Partnership
WHO SHOULD PAY THE TAXES?
Every partnership is chargeable with income tax for every year of assessment on or after April 01, 2004.
WHAT ARE THE PARTNERSHIP INCOME SOURCES LIABLE TO PAY TAXES?
- Divisible profit
- Other income
HOW MUCH YOU SHOULD PAY?
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Taxable Income
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Tax Rate
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|---|---|
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First LKR 1,000,000/-
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Tax free allowance
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On the Balance
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6%
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