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Punjab cop dismissed for facilitating TV interview of Larence Bishnoi while in custody | 'Not Veer Savarkar', Congress student wing demands Delhi college be named after Manmohan Singh | 'Cowardly': PM Modi condemns New Orleans terrorist attack that killed 15 | Prashant Kishor starts fast unto death over Bihar Public Service Commission prelims cancellation demand | Bangladesh court denies bail to arrested Hindu monk Chinmoy Krishna Das | Tesla Cybertruck with fuel and fireworks explodes near Donald Trump's Las Vegas hotel, 1 killed | US: Mass shooting at a New York nightclub, 11 people shot | Truck driver who rammed into New Orleans crowd flying ISIS flag identified as US Army veteran Shamsud-Din Jabbar | SRK, Akshay Kumar praise PM Modi's global initiative to take Indian cinema to a greater scale | Manipur CM N Biren Singh responds after Congress leader asks him 'why can't PM' visit' violence-hit northeastern state
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.