Tax rate for domestic companies ay 2017-18
This query is : Resolved
20 June 2017
A private company incorporated on 30/03/2015 and commenced its business from 15th April 2015. Thus the Turnover for the FY 2014-15 is Nil (No business in the FY 2014-15). What is the effective rate of tax to the company for the FY 2016-17? Is it 29% or 30%?
Kindly advise..
Kindly advise..
20 June 2017
Income tax rate is 29.87%.
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