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15% income tax scheme for new mfg. co.

Rajender Singh (Accounts Executive) (52 Points)

20 September 2019

is this scheme cover partnership firms or not

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7 Replies

Kapadia Pravin (17264 Points)
Replied 20 September 2019

Partnership firms not covered

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sabyasachi mukherjee (27732 Points)
Replied 21 September 2019

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.

Kapadia Pravin (17264 Points)
Replied 21 September 2019

@ Rajender Singh
As queried by you, I repeat - Partnership firms are not covered.

sabyasachi mukherjee (27732 Points)
Replied 21 September 2019

@ kapadia I repeat partneship can be LLP
but I mean to say limited companies.

Kapadia Pravin (17264 Points)
Replied 21 September 2019

Good imagination Sabyasachi but query is clear cut. Unnecessary confusion to querist .
As imagined by you if it's LLP - what's your reply ?

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Replied 21 September 2019

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