Some believe that the Global Tax Deal struck by world’s advanced economies are a far cry from the regulation of behemoths. Highlights G7 Summit strikes a landmark global corporate tax deal, eliminating avenues of tax avoidance. Finance Ministers of seven…
Maruti Suzuki cuts prices of select models
Welcoming the government’s initiative to revive demand in the automobile industry, Maruti Suzuki India on Wednesday announced to proactively and voluntarily share the benefits of corporate tax reduction with its customers.
Historic Page out of Chidambaram’s Textbook: How Sitharaman’s Corporate Booster can help the Economy
Media has touted the Corporate Tax Rate Cut by FM Nirmala Sitharaman as monumental, but former Finance Minister P Chidambaram did the same on two separate occasions. Will the move revive the economy?
Corporate Tax Cut gives once-in-a-decade bull run to markets, but not to Big IT
Infosys, Tata Consultancy Services (TCS) and HCL Technologies were among the rare set of stocks on the benchmark Nifty that lost on a day Indian equities logged their biggest gains.
Corporate Tax Cut: Markets are happy but fiscal risks intensify
The government’s decision to reduce the base corporate tax rate to 22 per cent from 30 per cent as part of stimulus measures to revive slowing economic growth is credit positive for companies because it will enable them to generate higher post-tax incomes, Moody’s Investors Service said on Saturday.
New effective corporate tax rate shall be 25.17 percent: FM Sitharaman
While addressing a press conference Union Finance Minister Nirmala Sitharaman proposed to slash the corporate tax rate for domestic companies. To promote growth, a new provision has been inserted in the income tax act with effect from fiscal year 2019-20.
Corporate Tax rate slashed for domestic companies and new manufacturing firms: Sitharaman
A new provision has been inserted in the Income Tax Act with effect from fiscal year 2019-20, which allows any domestic company an option to pay income tax at the rate of 22%(subject to condition). Moreover, local companies incorporated after…