In the recent union budget,The tax rate of Corporate reduced to 25% from 30%. From Which year onwards its applicable ?
Menu
Corporate tax rate
Replies (3)
In the Union Budget, 2015, it was proposed to reduce corporate tax from 30% to 25% over the next FOUR years, starting from next Financial Year.
YES,, agreed new tax rate will be applicable from a.y.2016-2017,,
But remember there will also be withdrawal of exemptions / deductions. So, in effect, it may not be a reduction of tax rate in all in real terms.
Regards,
Recent Topics :
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
Related Topics :
CAclubindia
