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Companies Taxation
If taxation is done @ 25% in case of companies (turnover doesn't exceed 50 crores in P.Yr 15-16) ..then in that case if total income exceeds rs. 1crore then marginal relief can be availed ..?????
Replies (7)
Yes marginal relief can be claimed since marginal relief is claimed irrespective of rate of tax...
but in study mat ..it is not given .
I didn't get you not given in the sense?
Marginal relief is not given ..although no needed
although no needed??
if total income greater than 1 crore then u compare increase in income greater than increase in tax ...then u can claim marginal relief
Marginal Relief is associated with Total Income not with Rate of Tax. Hence, it will be available irrespective of Tax Rate.
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