With complicated electronic equipment, there is about a 10% cost for a service contract. Service companies can. service at that rate and still make a profit. That should be the upper limit of the special equipment maintenance ratio.
If your income is above the exemption limit of Rs. 2,50,000/- last date of filing of Income Tax return is July,2017 for the Financial Year 2016â17. If your income from business is exceeding Rs. 1 Crore or from profession it is exceeding Rs.25 Lakhs last date of filing of Income Tax return is September, 2017.
The estate (fiduciary) income tax return is due on the 15th day of the 4th month after the end of the year. If the year ends on December 31, 2015, the due date is April 15, 2016. If the year ends on January 31, 2016, the due date is May 15, 2016. For more information, see our Estate Income Tax Due Date page.