Corporate Tax @25% u/s 115BA or applicable to MSME in respect of Turnover

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....orporate Tax @25% u/s 115BA or applicable to MSME in respect of Turnover<br> Query (Issue) Started By: - gvenugopal g Dated:- 10-10-2018 Last Reply Date:- 11-10-2018 Income Tax<br>Got 1 Reply<br>Incom....

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....e Tax<br>Dear All, Kindly suggest us, whether applicability of tax rate whether 25% or 30% Company incorporated on 16-Dec-2015 Turover (Rupees in Crore) of last three financial years are FY 2015-16....

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.... &#8377; 37.42, FY 2016-17 &#8377; 236.22 and FY 2017-18 &#8377; 108.55 [For the Assessment Year 2018-19, a domestic company is taxable at 30%. However, tax rate would be 25% where turnover or gross ....

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....receipt of the company does not exceed &#8377; 50 crore in the previous year 2015-16] [Section 115BA has been inserted w.e.f: ASST YEAR 2017-16, to opt 25% rate, &#39;The Company has been set-up and ....

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....registered on or after 01-March-2016&#39;] Kindly suggest whether we need to pay Income tax @ 25% or 30% Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: The first condition of Section 115BA(2) is no....

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....t fulfilled your company is not eligible to pay tax at 25%. (The company is not incorporated after 01.04.2016).<br> Discussion Forum - Knowledge Sharing ....