Friday, September 20, 2019

‘3rd Budget’ in 8 months: Govt cuts corporate tax to historic low

The govt on Friday announced a Rs 1.45 lakh crore fiscal stimulus that includes slashing corporate tax to 22% from 29.5% for companies that do not seek exemptions, 15% for new manufacturing start-ups as well a cut down on MAT (minimum alternate tax). The govt has opted to promulgate an ordinance to usher in amendments to the Income Tax Act & Finance Act.​

from Times of India https://ift.tt/2M9iKes

No comments:

Post a Comment

$37 Billion Push: China Is Paying People To Shop, But Why Aren't Consumers Spending?

China describes its new approach as using "new demand to guide new supply, and new supply to create new demand". from NDTV News ...