Income tax rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2018
A domestic company incorporated in the FY 17-18 relating to AY 18-19 engaged in trading business . The total turnover or gross receipt of the company in the previous year 17-18 is less than 50 cr.
Please let me know the tax rate of the Company.
Please let me know the tax rate of the Company.
CA R SEETHARAMAN
(Expert)
29 July 2018
25% tax rate applicable.
KAVIRAJA ADDANGADI
(Expert)
29 July 2018
Tax applicable @25% for newly established company having turnover less than 50 crores.
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