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15 maj 2024 · The corporate income tax (CIT) rate applicable to an Indian company and a foreign company for the tax year 2022/23 is as follows: * Surcharge of 10% is payable only where total taxable income exceeds INR 10 million. ** Effective tax rates include surcharge and health and education cess of 4%.
- Withholding Taxes
The Indian Government amended the India-Spain tax treaty by...
- Other Issues
Treatment of business entities. An individual has various...
- India
It is also proposed that the transactions or activities will...
- Branch Income
Branches of foreign companies are taxed on income that is...
- Income Determination
Income computation and disclosure standards (ICDS) The CBDT...
- Other Taxes
On whom: Non-resident receiving consideration for specified...
- Deductions
However, the issue of whether goodwill is eligible for tax...
- Group Taxation
Group taxation is not permitted under the Indian tax law....
- Withholding Taxes
8 maj 2024 · Section 115BAA states that domestic companies have the option to pay tax at a rate of 22% plus sc of 10% and cess of 4%. The Effective Tax rate being 25.17% from the FY 2019-20 (AY 2020-21) onwards if such domestic companies adhere to certain conditions specified. The company need not pay tax under.
6 cze 2024 · Indian companies must pay corporate tax, with rates varying for domestic and foreign companies. Tax rates, surcharges, and Minimum Alternate Tax are crucial aspects for companies. Filing tax return and tax audit process are also detailed.
12 cze 2024 · Discover the latest corporate tax in India with updated rates for domestic companies, surcharges, rebates, and learn how to calculate taxable income.
21 wrz 2021 · Introduction. This article explains Tax Rates, Surcharge, Health & Education Cess, MAT applicable to domestic companies under different sections of Income Tax Act, 1961 for income liable to tax in the Financial Year 2020-21 (Assessment Year 2021-22) and Financial Year 2021-22 (Assessment Year 2022-23).
29 cze 2023 · A domestic company may pay tax at 25% (+ surcharge, if any, and health and education cess), at its option if it fulfills certain conditions. Note: In AY 2021-22 and AY 2022-23, AY 2023-2024, and AY 2024-2025, Minimum Alternate Tax (MAT) will be levied at 15% on Book profit. VI.
The corporate tax rate for domestic (locally incorporated) companies is 22 percent and new domestic manufacturing companies, 15 percent. Choosing the concessional regime would require meeting certain specified conditions.
