Income tax on companies for ay 2016-17 & ay 2017-18 - reg
This query is : Resolved
SUBRAMANIAN P S
(Querist)
04 June 2015
Sir ,
Hope Income tax for Domestic companies for AY 2016-17 is 30%. kindly let me know the meaning of FM speech in Budget 2015 as "propose to reduce the rate of corporate tax from 30% to 25% over the next four years".
Hope Income tax for Domestic companies for AY 2016-17 is 30%. kindly let me know the meaning of FM speech in Budget 2015 as "propose to reduce the rate of corporate tax from 30% to 25% over the next four years".
Nikhil Kaushik
(Expert)
04 June 2015
it means that each year the govt will reduce the tax rate for companies by 1 %
Message likes :
1 times
Rupesh Jain
(Expert)
05 June 2015
govt. will redcue the tax, but till date no notification issue in this regard.
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