TMI BlogLower Corporate Rate @22% for FY 2019-20 u/s.115BAAX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the option to pay 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hreshold limit is turnover is prescribed. 22% Tax will be increased by 10% surcharge and 4% cess. - Lower Corporate Rate @22% for FY 2019-20 u/s.115BAA - Query Started By: - gvenugopal g Dated:- 18- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12-2019 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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