If company incorporated in india in py 18-19, than
can company opt 25% tax rate instead of 30% , because no turnover in py 17-18 ,
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Applicable corporate Tax rate
Replies (4)
Yes you are eligible to opt to pay @ 25%
NO, you cannot opt as the company was not in existence....
There is contradictory reply , which one is used as per law ,not as per practice
To fulfill a particular condition, the company has to be in existence....one cannot say that the turnover is NIL for a company which was not incorporated
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