The company is incorporated in July 2017 and has a turnover of less than 50 crore. Can it avail the benefit of 25% Income Tax as per finance act 2017. (as the finance act specifically mentions about the turnover of the PY 2015-16 and do not talk about new companies). The CBDT chairman had even told then that they will comeout with clarification for the new companies (about the 25% tax) and I am not in possession of any such clarificaiton.
Can you please clarify if there is any such communicaiton or how this has to be treated
CAclubindia
