Corporate Tax-rate

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Corporate Tax-rate - Total results - 19
Recovery in economy has to be led by private investments; government spending cannot work alone
Business

Recovery in economy has to be led by private investments; government spending cannot work alone

Capex injects funds directly into the spending stream and is hence superior to even direct cash transfers where the action of the beneficiary can never be guessed accurately

Various tax exemptions for salaried class has outlived utility; time for Nirmala Sitharaman to enhance them
Business

Various tax exemptions for salaried class has outlived utility; time for Nirmala Sitharaman to enhance them

Currently, the maximum tax rate of 30 percent is triggered at an income exceeding Rs 10 lakh per annum

Budget 2020: Having showered confetti on corporates, Nirmala Sitharaman cannot disappoint salaried class
Business

Budget 2020: Having showered confetti on corporates, Nirmala Sitharaman cannot disappoint salaried class

The one-size-fits-all standard deduction of Rs 40,000 from salary needs to be upped to a third of the salary or Rs 1 lakh whichever is less

Budget 2020: Converge multiple corporate tax rates to 15% by April 2023; CII urges govt to make announcement on 1 February
Business

Budget 2020: Converge multiple corporate tax rates to 15% by April 2023; CII urges govt to make announcement on 1 February

The government last year reduced corporate tax rates to 22 percent, plus surcharge and cess

Indian IPOs fall to four-year low as economy falters; potential govt reforms may boost stock markets in 2020, say analysts
Business

Indian IPOs fall to four-year low as economy falters; potential govt reforms may boost stock markets in 2020, say analysts

Financials and industrial sectors led the declines in IPO issues, with proceeds more than halving.

India needs to keep fiscal deficit target; requires increased revenue mobilisation: IMF chief economist Gita Gopinath
Business

India needs to keep fiscal deficit target; requires increased revenue mobilisation: IMF chief economist Gita Gopinath

India's consolidated deficit (the Centre and states combined) is the highest among the G20 nations, Gita Gopinath said.

Cut in corporate tax rate was needed to spur investments, boost growth, says CEA KV Subramanian
Business

Cut in corporate tax rate was needed to spur investments, boost growth, says CEA KV Subramanian

Chief Economic Adviser KV Subramanian on Friday said that the government recognised the need to cut the corporate tax to boost investments

Fitch raises India's FY20 fiscal deficit forecast to 3.6% of GDP on weak revenue collections
Business

Fitch raises India's FY20 fiscal deficit forecast to 3.6% of GDP on weak revenue collections

Fitch said it was revising the fiscal deficit forecast as revenue collection may fall far short of the projections in the FY2019/20 Union Budget due to weak GST and corporate income tax collections.

Venture investments up 69% at $16.4 bn in Q2; strongest-ever quarter by deal values for PE, VC industry: Report
Business

Venture investments up 69% at $16.4 bn in Q2; strongest-ever quarter by deal values for PE, VC industry: Report

Venture capital investment in India strengthened during the September quarter led by a slew of large deals of over $100 million

Companies opting for new lower corporate tax rate can't claim MAT credit, other deductions: CBDT
Business

Companies opting for new lower corporate tax rate can't claim MAT credit, other deductions: CBDT

The Central Board of Direct Taxes (CBDT), in a clarification, said companies will be allowed to utilise such credits only against regular taxes under the old regime

Industry, stock market experts term Sitharaman's corporate tax cut 'revolutionary', say will make Indian firms globally competitive
Business

Industry, stock market experts term Sitharaman's corporate tax cut 'revolutionary', say will make Indian firms globally competitive

In a major fiscal booster, the government on Friday slashed effective corporate tax to 25.17 percent inclusive of all cess and surcharges for domestic companies.

Direct Tax Code: Government proposes to overhaul taxation system; here is how new rules will affect you
Business

Direct Tax Code: Government proposes to overhaul taxation system; here is how new rules will affect you

Direct Tax Code appears to be a simpler version as compared to the existing income tax law, which is a welcome measure

Union Budget 2019: Finance Minister should consider bringing down corporate tax rate for all companies, irrespective of turnover
Business

Union Budget 2019: Finance Minister should consider bringing down corporate tax rate for all companies, irrespective of turnover

In February 2019, the then Interim Finance Minister Piyush Goyal adopted a pragmatic approach by providing a pro-growth and fiscally prudent Budget

Fed leaves rates unchanged; says US labour market continues to strengthen, economy strong
Business

Fed leaves rates unchanged; says US labour market continues to strengthen, economy strong

US stocks, which had rallied broadly on Wednesday after the results of the US congressional elections, turned lower as the Fed’s statement offered no indication the central bank might slow the pace of its rate increases.

Budget 2018: From reduction in corporate tax to GST compliance, KPMG draws up its wishlist
Business

Budget 2018: From reduction in corporate tax to GST compliance, KPMG draws up its wishlist

Absence of a standard deduction puts the salaried taxpayers at a disadvantage particularly when the inflation is all pervasive in the economy

'Budget should reduce I-T, corporate tax to boost consumption'
Business

'Budget should reduce I-T, corporate tax to boost consumption'

"Private investments have not happened. Substantial reduction of tax rates will attract growth rate," Sunil Kanoria, President of Assocham, said in an interview with BTVi.

Budget 2016: India Inc wants a clear roadmap for reduction in corporate tax to 25%
Business

Budget 2016: India Inc wants a clear roadmap for reduction in corporate tax to 25%

Industry chambers including CII and Ficci also suggested that withdrawal of incentives should be in tandem with the reduction in corporate tax rate besides removal of MAT

Budget 2015: A cut in corporate tax rate will boost Make in India but FM unlikely to oblige
Business

Budget 2015: A cut in corporate tax rate will boost Make in India but FM unlikely to oblige

Industry lobby groups have been demanding a cut. If the government obliges, that will offer a big boost to the industry

Govt may cap subsidy burden at 1% of GDP in FY16, says EY
Business

Govt may cap subsidy burden at 1% of GDP in FY16, says EY

Government is likely to cap subsidy burden at about 1 per cent of gross domestic product in FY16 while restricting fiscal deficit at 3.6 percent, global consultancy firm EY said.