Monday, September 23, 2019

Unfolding the mathematics of new corporate tax rate structure

The Government has introduced Section 115BAA and Section 115BAB to provide an option to domestic companies to pay tax at reduced rate of 22% and 15%, respectively, without claiming specified tax exemptions or deductions. In this article, the author has explained whether it would be feasible for the companies to switch to these new corporate tax regimes?

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