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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Management System (IMS)
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
