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Tax Rate of 25% for domestic companies
When can domestic company be chargeable @ 25%?
Replies (3)
to companies which have reported turnover of up to Rs 250 crore in financial year 2018-19
what about FY 2017-18? And are there any special conditions to be satisfied?
Where the total turnover/Gross receipts of the Domestic Company in FY 15-16 had been Upto Rs. 50 crores then the Tax rate of such company would be 25% in AY. 2018-19. (FA 2017)
Similarly, In FA 2018, It has been proposed that companies whose turnover in FY 16-17 was Upto 250Cr that will pay tax in AY 19-20 @ 25%.
Similarly, In FA 2018, It has been proposed that companies whose turnover in FY 16-17 was Upto 250Cr that will pay tax in AY 19-20 @ 25%.
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