Corporate tax is a kind of tax that is to be paid by a corporation based and the amount of profit generated. The amount of tax ,and how it is calculated, varies depending upon the region where the company is located. The corporate tax rate in India is depend on the origin of the company. If a company having domicile in India, the tax rate is flat at 30%.Butin case of foreign company, the tax rate depends n any factors and considerations. The companies that are domicile to India are taxed on the global income whereas the foreign companies in India are taxed on their income within the Indian territory.
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Attention must be given on several of the tax treaties India signed with other countries and also the various encouraging tax rates. Some tax rebates are also provided under the corporate tax rate system in India like the gains pertaining to long term capital is subjected to low tax incidence, the venture capital fund and venture capital companies has special tax provisions and special tax provisions are made for the NRI involved in activities in India. Under the finance bill 1996 minimum alternative test on corporate sector is levied. If you want to take knowledge about the corporate taxation and journals then 365companies will help you in solving all your queries.
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