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Tax rate for newly setup company ay-18-19

Tax queries 240 views 6 replies
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Chartered Accountant
34 Points Posted on 14 September 2018

The Company is a newly setup company deriving its revenue from service and assembling of goods. What will be the tax rate applicable? (Section-115BA not applicable)

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On 14 September 2018 at 18:00 Report
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GST Practitioner & Accounts
15093 Points Posted on 14 September 2018

Is it for F.Y  2018-19 ? or 2017-18 ?.  please clerify .

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On 14 September 2018 at 19:33
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Practising CA
8954 Points Posted on 14 September 2018
25% tax rate will be applicable
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On 14 September 2018 at 23:29
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Chartered Accountant
34 Points Posted on 15 September 2018
It is fy-17-18 and turnover less than 10crores
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On 15 September 2018 at 09:06
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Chartered Accountant
34 Points Posted on 15 September 2018
Thanks for the reply but it will be helful if u share the reason for the same
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On 15 September 2018 at 09:07
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Practising CA
8954 Points Posted on 15 September 2018
https://cleartax.in/s/income-tax-slabs#domestic


refer link
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On 15 September 2018 at 09:16
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Chartered Accountant
34 Points Posted on 15 September 2018
Thanks again but the rates mentioned are only for companies which are in existence from FY-15-16, our client was Incorporated in FY17-18
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On 15 September 2018 at 09:57


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