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Corporate Income Tax

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1238 Points Posted on 26 July 2020
Is there any minimum income below there is no need to pay corporate income tax?
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On 26 July 2020 at 22:10 Report
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3235 Points Posted on 26 July 2020
No there is no such criteria for corporate
13 Reply
On 26 July 2020 at 22:13
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1238 Points Posted on 26 July 2020
CA Abay Ji, if companies are running under profit of 1 Lakh also liable to pay 30% as a Corporate Tax? am I correct?
3 Reply
On 26 July 2020 at 22:17
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3235 Points Posted on 26 July 2020
Yes but if turnover in FY 2016-17 was below 250 crore then you need to pay tax @ 25% plus 4% HEC total 26%
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On 26 July 2020 at 22:20
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1238 Points Posted on 26 July 2020
CA Abhay Ji, thank u so much for your kind assistance.
3 Reply
On 26 July 2020 at 22:27
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1102 Points Posted on 26 July 2020
Normally Companies have to pay @ 30%
but if your turnover for FY 17-18 is 400cr. then rate will be applicable @ 25% on income whatever income of Co.
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On 26 July 2020 at 22:30
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1238 Points Posted on 27 July 2020
Thank you so much Annu Goyal Ji
3 Reply
On 27 July 2020 at 09:52
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12 Points Posted on 04 October 2020
What if company is new, hence zero turnover in FY 17-18, is the company eligible for 25% tax rate ?
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On 04 October 2020 at 09:44


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