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15% income tax scheme for new mfg. co.
is this scheme cover partnership firms or not
Replies (7)
Partnership firms not covered
Indian companies formed from Oct 1 can opt to pay income tax @ 15%(17.01% effective) in manufacturibg sector if they dont avail exemptions and incentives and stast production by 2023.
these conditions are to be fulfilled.
these conditions are to be fulfilled.
@ Rajender Singh
As queried by you, I repeat - Partnership firms are not covered.
As queried by you, I repeat - Partnership firms are not covered.
@ kapadia I repeat partneship can be LLP
but I mean to say limited companies.
but I mean to say limited companies.
Good imagination Sabyasachi but query is clear cut. Unnecessary confusion to querist .
As imagined by you if it's LLP - what's your reply ?
As imagined by you if it's LLP - what's your reply ?
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Kapadia what the FM reteriated is cleared.
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