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 â‚¹ 37.42,
FY 2016-17 â‚¹ 236.22 and
FY 2017-18 â‚¹ 108.55
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)