Mat

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

Corporate tax cuts: Govt bites bullet to balance tax competitiveness, but will this attract India a major global investment hub

A nearly double-digit tax reduction in the effective tax rate, unmistakably, pegs India as one of the most competitive investment destinations not only across its Asian peers, but globally too.

Cutting taxes not an effective remedy to accelerate slow economy in short-term, households should focus on higher spending

Cutting taxes has the same fiscal impact but takes time to work out as it is conditional on companies investing part of the gains.

Corporate tax cut makes India an investment destination; to attract foreign firms to set up units: Nirmala Sitharaman

Quoting experts, Nirmala Sitharaman said India is now much better than China in terms of rate, transparency, and tax administration

Corporate tax cut: Nirmala Sitharaman silences doubters, changes perception around the state of the Indian economy

Until yesterday, Nirmala Sitharaman was being criticised for not having the vision and ability to be at the helm of finance ministry.

Nirmala Sitharaman slashes corporate tax to 22%; govt to forego Rs 1.45 lakh cr per year after levy cut, other relief measures

Sitharaman proposes to slash corporate tax for domestic firms, new local manufacturing cos through an ordinance.

Nirmala Sitharaman announces corporate tax cut; other key highlights of announcements

The government on Friday slashed the income tax rate for companies by almost 10 percentage points to 25.17 percent and offered a lower rate to 17.01 percent for new manufacturing firms to boost economic growth rate from a six-year low by incentivising investments to help create jobs

Budget 2019-20: Assocham demands cut in effective corporate tax to 25%, inflation indexing of allowances

Industry chamber Assocham has demanded cut in effective corporate tax to 25 percent, doing away with dividend distribution tax (DDT) and indexing of allowances and deductions under personal Income Tax with inflation

Union Budget 2019: Nirmala Sitharaman should give tax benefits to common man, remove MAT, say experts

Finance Minister Nirmala Sitharaman should consider increasing the income tax exemption limit to at least Rs 3 lakh and abolish minimum alternate tax (MAT) for companies to boost consumption and economic growth, suggested tax experts

Union Budget 2019: Nasscom seeks new tax-friendly special economic zone policy beyond 2020

IT body Nasscom has urged the government to continue the tax incentives to units in special economic zones beyond March 2020, saying that such a move will provide the industry with certainty and enable them to invest in a long-term strategy