Domestic companies - Eligible Rate of Inconme tax for A.Y 2018-19

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..... Dear All, Kindly suggest us, whether applicability of tax rate is 25% or 30% for A.Y 2017-18 2018-19 Company incorporated on 16-Dec-2015 Turnover (Rupees in Crore) of last three financial years are FY 2015-16 ₹ 37.42 , FY 2016-17 ₹ 236.22 and FY 2017-18 ₹ 108.55 For the Assessment Years 2017-18 2018-19, whether the above domestic company is eligible f .....

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..... or Income tax payable at the rate of 25% Kindly suggest whether we need to pay Income tax @ 25% or 30% - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Already replied. - Reply By gvenugopal g - The Reply = To - DR.MARIAPPAN GOVINDARAJAN Respected Sir You have replied for rate of tax for 115BA companies as below: The first condition of Section 115BA(2) is not fulfilled you .....

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..... r company is not eligible to pay tax at 25%. (The company is not incorporated after 01.04.2016). But my second query is relating to a domestic company with turnover below ₹ 250 Crore and turnover below ₹ 50 Crore for P.Y 2015-16 ( NOT for Tax on income of certain domestic companies u/s 115 BA ) Are you still contending that the company is not eligible to pay tax at 25% .....

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..... Apart from this The first condition of Section 115BA(2) is the company should have been incorporated on or after 01.03.2016 and NOT 01.04.2016. Kindly confirm - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Yes, I confirmed the reply. - Domestic companies - Eligible Rate of Inconme tax for A.Y 2018-19 - Query Started By: - gvenugopal g Dated:- 11-10-2018 Income Tax - Got 3 Re .....

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..... plies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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