Taxation - Corporate Tax
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Taxation - Corporate Tax
Assessment and Rate of Income Tax
**If the income is equal or less than Rs 10 million, it is 30.9%. #If the income is equal or less than Rs 10 million, it is 41.2%. Assessment of companies :
The principle officer of the company is required to file the return of total income of the company on or before 30th November of the assessment year. A company is assessed like any other assessee. However, its liability differs in two respects.
Rates of Income Tax : The rates which are applicable to companies for the assessment year 1998-99 are
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