Corporate tax rate

Gudipati Roja (Audit manager) (131 Points)

14 August 2018  

Hi All,

If Turnover in FY 2015-16 is less than Rs.50 crore then corporate tax rate for FY 2017-18 is 25%. Here my doubt is if company itself is incorporated in FY 2016-17 then benefit of lower tax rate is applicable to such companies or not??

Can anyone help me out please.