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?
Amendment in rate of income tax for corporate entity
Kamal Verma (Financial advisor) (578 Points)
21 September 2019
CAclubindia
