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.
1 Tax returns for deceased individuals must be filed by the normal filing deadline or 6 months after the date of death, whichever comes later. 2  Example: Mary dies on January 30, 2004; her 2003 return is due on July 30, 2004 (six months later) and her 2004 return is due on April 30, 2005 (normal filing deadline). Tax returns for deceased individuals must be filed by the normal filing deadline or 6 months after the date of death, whichever comes later. 2  Example: Mary dies on January 30, 2004; her 2003 return is due on July 30, 2004 (six months later) and her 2004 return is due on April 30, 2005 (normal filing deadline).