i want to know in detail the "corporate taxation" in india.
From India , Jalandhar
Domestic Corporate & LLP Income Taxes Rates

Tax Rate

Effective Tax Rate with surcharge & ed. cess

Domestic Corporations / Private Limited Companies 30% 33.99% 1

Domestic Corporations / Public Limited Companies 30% 33.99% 1

Limited Liability Partnership (LLP's) 30% 30.9% 2

1. A surcharge of 10% of the income tax is levied, if the taxable income exceeds Rs. 1 million. Educational cess is also added. 2. An Educational Cess is added to the basic tax rates. Surcharge is not applicable to LLP. Unlike LLP's in the USA where they are pass-through entities for tax purposes, in case of LLP's in India, they are partially pass-through entities for tax paurposes. In India tax an LLP is required to pay income tax on 40% of its income; since an LLP is allowed to pay the balance of 60% as renumerations to it partners. Partners of an LLP are required to pay tax on the amount paid to them. Besides, LLP's are not required to pay dividend distribution tax or Minimum Alternate Tax (MAT).

3. All companies incorporated in India are deemed as domestic Indian companies for tax purposes, even if owned by foreign companies.

From India , Delhi
Dear Gagan , If u want to Know all about Corporate taxation then then read the book and then if u want to know any specific ques. ask here. Wish u all the best.
From India , Delhi

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