Hi All,
If Turnover in FY 2015-16 is less than Rs.50 crore then corporate tax rate for FY 2017-18 is 25%. Here my doubt is if company itself is incorporated in FY 2016-17 then benefit of lower tax rate is applicable to such companies or not??
Can anyone help me out please.
Yes, u can avail the benefit of lower tax rate.
Yes lower rate -25% also applicable on newly setup company
Thank you so much for the reply.
Welcome Gudipati Roja
S.B.G. & CO. CHARTERED ACCOUNTANTS
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Fytomax Nutrition Private Limited
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