Simple Chart of Reduction in Corporate Tax Rates announced on 20th September:

 514 total views

Simple Chart of Reduction in Corporate Tax Rates announced on 20th September:

[www.TheTaxTalk.com]

Sr. No. Applicable to New

Tax Rate

Effective Tax Rate
[After SC & EC]
MAT Rider Optional to whom
1 Domestic Companies 22% 25.17% MAT shall not applicable Shall not avail any exemption & incentive like available u/s 10AA, Additional Depreciation, Chapter VI-A except 80JJAA Company enjoying tax holiday subject to MAT @ 15%. However after that they can opt for this.
2 New Domestic Companies (Incorporated after 1st Oct, 19 but commences production before 31.03.2023) 15% 17.01% MAT shall not applicable Shall not avail any exemption & incentive like available u/s 10AA, Additional Depreciation, Chapter VI-A except 80JJAA NA

 

Leave a Comment

Your email address will not be published.

the taxtalk

online portal for tax news, update, judgment, article, circular, income tax, gst, notification Simplifying the tax and tax laws is the main motto of the team tax talk, solving