Tax Rate of New Company

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..... Hi Experts, One of my client is a new company, incorporated in FY 2018-19. It's turnover is less than 5 crore during the FY. The company was not in existence during the FY 2016-17 and turnover .....

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..... criteria of 250 Crore may not be applicable here. Its a service sector company and section 115BA is not applicable also. It would be great if anyone can clarify what is the tax rate for this company .....

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..... ? 25% or 30%? Thank you. - Reply By Neekita Jindal - The Reply = Hello Dear Since Sec 115BA is not applicable to your client, tax rate for your client is 30%. - Reply By CASusheel Gupta - .....

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..... The Reply = Section 115BA is special section. Tax rate for all companies, except covered under section 115BA , having turnover less than 250 crore is 25%. Refer to Section 2 of Finance A .....

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..... ct (No. 2) 2019 for tax rate. CA Susheel Gupta - Tax Rate of New Company - Query Started By: - KrishnaKumar A Dated:- 3-9-2019 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Know .....

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..... ledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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