Income Tax rate_urgent
This query is : Resolved
30 November 2019
Can I Eligible for Income tax rate @25% in A.y. 19-20
As my DOI is in F.y.2017-18
As my DOI is in F.y.2017-18
30 November 2019
I understand that you are asking about the corporate tax for the AY 2019-2020. The rate of tax is reduced from 30% to 25% to corporate only from the e AY 2020-2021. But I think that corporate tax is 25% for the turnover less than Rs.250 Crores.
30 November 2019
Hi sir,
Thnx for the reply
Yes it's about corporate tax rate as my company was not in Existence in F.y. 16-17 so turnover was nil, so Can I claim corporate tax rate as 25% in A.y. 19-20..?/
Thnx for the reply
Yes it's about corporate tax rate as my company was not in Existence in F.y. 16-17 so turnover was nil, so Can I claim corporate tax rate as 25% in A.y. 19-20..?/
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
