Corporate tax rate

Rajeev (Assistant Manager & CA Final) (83 Points)

16 March 2015

In the recent union budget,The tax rate of Corporate reduced to 25% from 30%. From Which year onwards its applicable ?

Reply
Follow
Share

3 Replies

CA HAYEDAR SHAIKH (Practice ) (627 Points)
Replied 16 March 2015

In the Union Budget, 2015, it was proposed to reduce corporate tax from 30% to 25% over the next FOUR years, starting from next Financial Year.

gaurav pandey (Student CA Final ) (30 Points)
Replied 19 March 2015

YES,, agreed new tax rate will be applicable from a.y.2016-2017,,

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 19 March 2015

But remember there will also be withdrawal of exemptions / deductions. So, in effect, it may not be a reduction of tax rate in all in real terms.

Regards,

Start a New Discussion