TMI BlogCorporate Tax @25% u/s 115BA or applicable to MSME in respect of TurnoverX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All, Kindly suggest us, whether applicability of tax rate whether 25% or 30% Company incorporated on 16-Dec-2015 Turover (Rupees in Crore) of last three financial years are FY ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2015-16 ₹ 37.42 , FY 2016-17 ₹ 236.22 and FY 2017-18 ₹ 108.55 [For the Assessment Year 2018-19, a domestic company is taxable at 30%. However, tax rate would be 25% where tur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nover or gross receipt of the company does not exceed ₹ 50 crore in the previous year 2015-16] [ Section 115BA has been inserted w.e.f: ASST YEAR 2017-16, to opt 25% rate, 'The Company h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as been set-up and registered on or after 01-March-2016'] Kindly suggest whether we need to pay Income tax @ 25% or 30% - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = The first condition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Section 115BA(2) is not fulfilled your company is not eligible to pay tax at 25%. (The company is not incorporated after 01.04.2016). - Corporate Tax @25% u/s 115BA or applicable to MSME in re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... spect of Turnover - Query Started By: - gvenugopal g Dated:- 10-10-2018 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anagement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
