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Applicable corporate Tax rate

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3 Points Posted on 21 June 2020
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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On 21 June 2020 at 07:19 Report
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CA
364 Points Posted on 21 June 2020
Yes you are eligible to opt to pay @ 25%
1 Reply
On 21 June 2020 at 07:52
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Chartered Accountant
821 Points Posted on 21 June 2020
NO, you cannot opt as the company was not in existence....
1 Reply
On 21 June 2020 at 13:30
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3 Points Posted on 21 June 2020
There is contradictory reply , which one is used as per law ,not as per practice
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On 21 June 2020 at 16:00
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Chartered Accountant
821 Points Posted on 21 June 2020
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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On 21 June 2020 at 16:09


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