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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Amendment in rate of income tax for corporate entity
Replies (3)
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.
The company under your query won't be eligible for 17.01% tax Wala company.
Company can be partnership company.
in the manufacturing sector..
FM HAS RETERIATED ONLY COMPANIES IN MANUFACTURING SECTOR.
in the manufacturing sector..
FM HAS RETERIATED ONLY COMPANIES IN MANUFACTURING SECTOR.
What did you want to convey Sabyasachi.
Reply is out of context , First line ???
@ Kamal
Don't get confused.
Reply is out of context , First line ???
@ Kamal
Don't get confused.
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