ABC Ltd., a domestic company having a turnover of ₹350 crore has computed its total income for the year 2018-19 of ₹102 lakh. The tax payable by the company on such income in A.Y. 2019-20 shall be :
CS Executive · Tax Laws · PYQS · December 2019
ABC Ltd., a domestic company having a turnover of ₹350 crore has computed its total income for the year 2018-19 of ₹102 lakh. The tax payable by the company on such income in A.Y. 2019-20 shall be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax Act, 1961
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