Benefit under Income tax to private company

    Posted By : damini / Published on : 13-Dec-2019 07:51 AM / View : 166 / Comment : 0
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    Dear All.

    As per Section 115BAB of Income Tax Act, Income tax on new domestic company incorporated on or after 1st October 2019 be 15 %.

    Is that provision will also be applicable if we convert partnership firm into private limited company under part I of Companies Act,2013 ?

    Thanks & Regards,
    Read more on : company private income under benefit

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