https://www.taxtmi.com/forum/issue?id=115381 For a newly incorporated domestic company whose concessional corporate tax option is not applicable, one view asserted the general higher statutory rate applies; an alternative view cited the Finance Act rate provision that domestic companies not covered by the concessional option but meeting the turnover threshold are subject to the reduced corporate tax rate. en-us Tue, 03 Sep 2019 11:45:13 +0530 Thu, 23 Jan 2025 15:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115381 For a newly incorporated domestic company whose concessional corporate tax option is not applicable, one view asserted the general higher statutory rate applies; an alternative view cited the Finance Act rate provision that domestic companies not covered by the concessional option but meeting the turnover threshold are subject to the reduced corporate tax rate. Discussion-Forum Income Tax Tue, 03 Sep 2019 11:45:13 +0530 https://www.taxtmi.com/forum/issue?id=115381