Menu
Corporate Income Tax
Is there any minimum income below there is no need to pay corporate income tax?
Replies (7)
No there is no such criteria for corporate
CA Abay Ji, if companies are running under profit of 1 Lakh also liable to pay 30% as a Corporate Tax? am I correct?
Yes but if turnover in FY 2016-17 was below 250 crore then you need to pay tax @ 25% plus 4% HEC total 26%
CA Abhay Ji, thank u so much for your kind assistance.
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.
but if your turnover for FY 17-18 is 400cr. then rate will be applicable @ 25% on income whatever income of Co.
Thank you so much Annu Goyal Ji
What if company is new, hence zero turnover in FY 17-18, is the company eligible for 25% tax rate ?
Recent Topic
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
- Correct way to show income from annuity in ITR
- ITR 3 issues
- What after death of proprietor
Related Topics
CAclubindia
