PQ Ltd. is a domestic company whose turnover for the assessment year 2017-18 was ₹45 crore and for the assessment year 2018-19 ₹80 crore. Its turnover for the previous year 2018-19 is ₹110 crore. The rate of tax (excludi
CS Executive · Tax Laws and Practice · PYQS · December 2019
PQ Ltd. is a domestic company whose turnover for the assessment year 2017-18 was ₹45 crore and for the assessment year 2018-19 ₹80 crore. Its turnover for the previous year 2018-19 is ₹110 crore. The rate of tax (excluding cess) applicable for the assessment year 2019-20 would be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax
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