Lower Corporate Rate @22% for FY 2019-20 u/s.115BAA

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..... Lower Corporate Rate @22% for FY 2019-20 u/s.115BAA
Query (Issue) Started By: - gvenugopal g Dated:- 18-12-2019 Last Reply Date:- 26-12-2019 Income Tax
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Income Tax
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 turnove .....

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..... r is prescribed. 22% Tax will be increased by 10% surcharge and 4% cess.
Discussion Forum - Knowledge Sharing .....

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