Dear Experts,
The new Section 115BAA has been inserted in the Income tax Act, on 5th September 2019 to give the benefit of a reduced corporate tax rate for all the domestic companies. They have the option to pay tax at a rate of 22% from the FY 2019-20 onwards.
Kindly advice whether any threshold limit in turnover for availing the benefit?
Thanks & Regards: Murugesan M
Attached File : 2262958 20191218200040 tax saving 115baa.xlsx downloaded: 86 times
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