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Fresh encounter breaks out in J&K's Kathua, security forces trap 3 terrorists | Pakistani advocacy group nominates Imran Khan for Nobel Peace Prize | 'Going to an address where I haven't lived for last 10 years is a waste of time': Kunal Kamra's dig at cops | India, US to jointly design nuclear power plants in India | 'Is Sanatan dharm dirty?': Suvendu Adhikari slams Mamata Banerjee's 'provocative speech' on Eid | Stay united: Mamata Banerjee's appeal to people on Eid as BJP aims Hindu vote consolidation | 'The city is dangerous': Indian origin techie claims to be shot twice near San Francisco hotel in US | Who is YouTuber Mridul Tiwari, the owner of Lamborghini that hit two pedestrians in Noida? | 'Lion does not hunt dogs': Ex-Uttarakhand CM Trivendra Singh Rawat's remark against Dalit IAS officer triggers row | President Murmu, PM Modi greet people on Eid-ul-Fitr
FM Nirmala Sitharaman cuts down corporate tax, MAT to empower manufacturing sector

FM Nirmala Sitharaman cuts down corporate tax, MAT to empower manufacturing sector

Sep 20, 2019, at 12:46 pm

Goa: Union Finance Minister Nirmala Sitharaman on Friday announced corporate tax rate cuts to 22 per cent for domestic companies and 15 per cent for newly-formed domestic manufacturing companies among other fiscal measures to boost the investments in the country.

ASSOCHAM advocates MAT exemption for sick companies under debt restructuring

ASSOCHAM advocates MAT exemption for sick companies under debt restructuring

Apr 27, 2017, at 12:55 am

New Delhi, Apr 26 (IBNS): Apex Industry body ASSOCHAM on Wednesday advocated continuation of the exemption from MAT (Minimum Alternative Tax) by the insertion of a suitable substitution of or addition to the Income Tax Act in respect of the restructuring under the insolvency & banking code 2016.

Budget 2017: Income tax for MSMEs with annual turnover upto Rs. 50 Crore is reduced to 25 per cent

Budget 2017: Income tax for MSMEs with annual turnover upto Rs. 50 Crore is reduced to 25 per cent

Feb 01, 2017, at 09:03 pm

New Delhi, Feb 1 (IBNS): Presenting the General Budget 2017-18 in Parliament on Wednesday, Union Finance Minister Arun Jaitley said that the income tax for smaller companies with annual turnover upto Rs. 50 crore is reduced to 25% in order to make MSME companies more viable and also to encourage firms to migrate to company format.

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