New Income Tax Rates for FY 2019-20 (AY 2020-21)
The Government has introduced two new tax regimes for the domestic companies in Section 115BAA and Section 115BAB through the Taxation Laws (Amendment) Ordinance, 2019. Section 115BAA has been inserted to provide for reduced tax rate of 22% in case of all domestic companies. Whereas, Section 115BAB has been inserted to provide for a reduced… Read More »