https://www.taxtmi.com/article/detailed?id=7851 Budget proposes extending a reduced corporate income tax rate of 25% for companies by raising the turnover threshold used to determine eligibility. The author contends that applying the lower rate exclusively to companies, while using total turnover as the qualifying metric, lacks an intelligible differentia between companies and other business forms with comparable turnover; therefore the reduced rate should be available to proprietorships, partnerships, AOP/BOIs and cooperatives meeting the same turnover condition. en-us Fri, 02 Feb 2018 11:58:40 +0530 Fri, 02 Feb 2018 11:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7851 Budget proposes extending a reduced corporate income tax rate of 25% for companies by raising the turnover threshold used to determine eligibility. The author contends that applying the lower rate exclusively to companies, while using total turnover as the qualifying metric, lacks an intelligible differentia between companies and other business forms with comparable turnover; therefore the reduced rate should be available to proprietorships, partnerships, AOP/BOIs and cooperatives meeting the same turnover condition. Articles Budget - Tax Proposals Fri, 02 Feb 2018 11:58:40 +0530 https://www.taxtmi.com/article/detailed?id=7851