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Companies Taxation

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216 Points Posted on 27 November 2018
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 ..?????
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On 27 November 2018 at 19:19 Report
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Student
3549 Points Posted on 27 November 2018
Yes marginal relief can be claimed since marginal relief is claimed irrespective of rate of tax...
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On 27 November 2018 at 19:25
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216 Points Posted on 27 November 2018
but in study mat ..it is not given .
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On 27 November 2018 at 19:26
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Student
3549 Points Posted on 27 November 2018
I didn't get you not given in the sense?
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On 27 November 2018 at 19:27
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216 Points Posted on 27 November 2018
Marginal relief is not given ..although no needed
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On 27 November 2018 at 19:34
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Student
3549 Points Posted on 27 November 2018
although no needed??
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On 27 November 2018 at 19:35
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15 Points Posted on 27 November 2018
if total income greater than 1 crore then u compare increase in income greater than increase in tax ...then u can claim marginal relief
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On 27 November 2018 at 21:02
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Manager @ CA Parmeswaran & Co.
168 Points Posted on 28 November 2018
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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On 28 November 2018 at 15:59


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