Tax Rate of New Company

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....ax Rate of New Company<br> Query (Issue) Started By: - KrishnaKumar A Dated:- 3-9-2019 Last Reply Date:- 7-9-2019 Income Tax<br>Got 2 Replies<br>Income Tax<br>Hi Experts, One of my client is a new co....

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....mpany, incorporated in FY 2018-19. It&#39;s turnover is less than 5 crore during the FY. The company was not in existence during the FY 2016-17 and turnover criteria of 250 Crore may not be applicable....

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.... here. Its a service sector company and section 115BA is not applicable also. It would be great if anyone can clarify what is the tax rate for this company? 25% or 30%? Thank you. Reply By Neekita J....

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....indal: The Reply: Hello Dear Since Sec 115BA is not applicable to your client, tax rate for your client is 30%. Reply By CASusheel Gupta: The Reply: Section 115BA is special section. Tax rate for....

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.... all companies, except covered under section 115BA, having turnover less than 250 crore is 25%. Refer to Section 2 of Finance Act (No. 2) 2019 for tax rate. CA Susheel Gupta<br> Discussion Forum - K....

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....nowledge Sharing ....