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Domestic companies - eligible rate of inconme tax for a.y 2018-19, income tax


Tax consultant

Dear All,

Kindly suggest us, whether applicability of tax rate is 25% or 30% for A.Y 2017-18 & 2018-19

Company incorporated on 16-Dec-2015 (so Section 115BA is not applicable)

Turnover (Rupees in Crore) of last three financial years are

FY 2015-16 ₹ 37.42,

FY 2016-17 ₹ 236.22 and

FY 2017-18 ₹ 108.55

For the Assessment Years 2017-18 & 2018-19, whether the above domestic company is eligible for Income tax payable at the rate of 25% and 29% respectively on the basis of Turnover.

Kindly suggest whether we need to pay Income tax @ 25% or 30% for current FY 2017-18?

Thanks & Regards: Murugesan M (+919677480111)



Attached File : 2262958 20181011181638 fy 2017 18 tax 25 .jpg downloaded 4 times
 
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