‘3rd Budget’ in 8 months — and the biggest: 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 Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2M9iKes

• Tweet
• Share
• Share
• Share
• Share