In the case of a domestic company (turnover/gross receipts Rs. 70 cror – McqOptions

MCQOPTIONS

1.	In the case of a domestic company (turnover/gross receipts Rs. 70 crores), the basic rate of income-tax applicable for computing as per normal provisions would be ________, when the turnover of the company has been Rs. 45 crores in the previous year relevant to the assessment year 2017-18. (Note: Ignore surcharge, education cess, etc.)
A.	30%
B.	29%
C.	25%
D.	35%
Answer» D. 35%

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