TAX RATE 30%

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28 Points Posted on 12 January 2022

I JUST WANT TO KNOW , 30% TAX RATE HAS BEEN IMPOSED DESPITE OF THE COMPANY OPTED 115BAA, WHEN DOES THIS SITUATION MAY ARISE?

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On 12 January 2022 at 15:22 Report
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This discussion addresses a situation where a 30% tax rate is applied even though the company chose Section 115BAA. It clarifies that special tax rates generally apply only to special tax income. However, this can change if exemptions are claimed under the new tax regime or new tax rates, potentially leading to the higher rate.

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Chief Accountant
3150 Points Posted on 15 January 2022
Special tax rate income is taxable as special tax rate only
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On 15 January 2022 at 16:03
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16 Points Posted on 19 January 2022
But it can be changed if you take excemption under new rigim or new tax rates
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On 19 January 2022 at 11:46

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