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Amendment in rate of income tax for corporate entity

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Financial advisor
592 Points Posted on 21 September 2019

FM has announced a reduction in tax rate for corporate sector, for new company effective tax rate will be 17.01% including cess and surcharge. What is stand for new company? whether  a company incorporated  in 2015 but will start production in November'2019 be new company or not?

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On 21 September 2019 at 13:52 Report
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17264 Points Posted on 21 September 2019
New company means Company whichever gets incorporated on or after 1-10-2019 (only mfg sector company) whether listed or unlisted, and starts production by 31-3-2023.

The company under your query won't be eligible for 17.01% tax Wala company.
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On 21 September 2019 at 15:50
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Profession Business
28207 Points Posted on 22 September 2019
Company can be partnership company.
in the manufacturing sector..
FM HAS RETERIATED ONLY COMPANIES IN MANUFACTURING SECTOR.
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On 22 September 2019 at 08:36
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17264 Points Posted on 23 September 2019
What did you want to convey Sabyasachi.
Reply is out of context , First line ???
@ Kamal
Don't get confused.
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On 23 September 2019 at 01:23


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