if a company is earning income from house property it will taxed as business income 30 % or at slab rate
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Taxed at which rate
Replies (7)
Taxable at 30%..
But not as business income.
it depends upon the objective of the company as mandated in the MoU and AoA, to assess as HP or PGBP
Both HP income and PGBP are slab rated income in case of person other than company or firm
I think it's taxable @ 30%for company 😕
PGBP.
FY 2016-17 30%.
FY 2017-18 25%.
The tax rate for the domestic companies with an annual turnover of up to RS 50 crore has been brought down to 25% form 30% .
Besides the above change ,for others rates reamin same as were in previous year.
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