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..?/
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