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 :
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
Related Topics :
CAclubindia
