'SMEs to pay 25% tax even if Rs 50-crore limit crossed in FY17'
The I-T department today said companies that had a turnover of less than Rs 50 crore in 2015-16 will pay tax at the reduced rate of 25 percent from April 1 even if they cross the threshold in 2016-17 or subsequent years.
Feb 06, 2017, 16:02 PM IST