Taxation of Limited Co.

• Income received or deemed to be received in India during the previous year by or on behalf such company
• Income which accrues or arise or is deemed to accrue or arise to it in India during the previous year
• Income which accrues or arise to it outside India during the previous year.

• Income received or deemed to be received in India in the previous year by or on behalf of such company
• Income which accrues or arises or is deemed to accrue or arise to it in India during the previous year.

Domestic Company

1. For Income other than long term capital gains – 30% of total Income plus surcharge @ 5%

2. On Short term capital gains emanating from transfer of a short term capital asset being an equity share or unit of an equity oriented fund – 15% plus surcharge @ 5%

3. On Long term capital gains emanating from transfer of a long term capital asset – 20% plus surcharge @ 5%

4. Foreign Company

5. In the case of a company other than domestic company : On so much of the total income as consists of royalties received from government or an Indian concern after the 31st day of March 1961 but before 1st day of april 1976; or fees for rendering technical services received from government or an Indian concern in pursuance of an agreement made by it with the government or the indian concern after the 29th day of February 1964 but before the 1st day of april 1976, and where such agreement has in either case been approved by the central government. – 50% plus surcharge @ 2%

6. On other Income – 0% plus surcharge @ 2%