A domestic company whose turnover for the previous year 2014-15 ₹ 4.20 crore; for previous year 2015-16 ₹ 8 crore and for previous year ₹ 2016-17 ₹ 12 crore. Its total income (computed) for the assessment year 2017-18 is
CS Executive · Tax Laws and Practice · PYQS · December 2017
A domestic company whose turnover for the previous year 2014-15 ₹ 4.20 crore; for previous year 2015-16 ₹ 8 crore and for previous year ₹ 2016-17 ₹ 12 crore. Its total income (computed) for the assessment year 2017-18 is ₹ 3 crores. The rate of income tax applicable for such company (without cess) would be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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