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Income Tax Consultant in Shahdara

Corporate Tax Major Announcments for Domestic Companies





1. Corporate tax slashed to 22%



  • For Companies not seeking incetives/exemptions
  • No Minimum Alternate Tax
  • Effective Tax Rate 25.17%


2. Domestic Companies incorporated on or after 1 Aug 2019



  • To be taxed at 15% (Only if production begins before 31st March 2023)


3. MAT Slashed to 15%



  • For Companies availing exemption


4. 1.25 % CSR Spending Allowed



  • On center/state/PSU incubators and public funded universities


5. No Tax on Buy-Backs



  • announced by listed companies before 5th July 2019


6. No enhanced surcharge



  • on capital from the sale of equity share in a company


Tags : #Corporate Law Compliance#Corporate Tax#Income Tax Rate#Change in Corporate Tax Rate#Cut in Corporate Tax Rate


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