TaxTMI 
TaxTMI 
Lower Corporate Rate @22% for FY 2019-20 u/s.115BAA
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....ower Corporate Rate @22% for FY 2019-20 u/s.115BAA<br> Query (Issue) Started By: - gvenugopal g Dated:- 18-12-2019 Last Reply Date:- 26-12-2019 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Experts,....
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.... The new Section 115BAA has been inserted in the Income tax Act, on 5th September 2019 to give the benefit of a reduced corporate tax rate for all the domestic companies. They have the option to pay ....
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....tax at a rate of 22% from the FY 2019-20 onwards. Kindly advice whether any threshold limit in turnover for availing the benefit? Reply By Nandan Khambete: The Reply: No threshold limit is turnover....
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.... is prescribed. 22% Tax will be increased by 10% surcharge and 4% cess.<br> Discussion Forum - Knowledge Sharing ....