Now would be a good time for the govt to revisit the sovereign bonds sale as the corporate tax cut sent the benchmark bond yield surging the most since February 2017.
Senior Congress leader Jairam Ramesh questioned the timing of the announcement, and said the corporate tax cuts was being dictated by the #HowdyModi event.
The effective tax rate will now be 25.17% & 17.01% for existing companies and new manufacturing firms, respectively, provided they don’t claim any exemption under I-T Act.
The govt's decision to not levy the enhanced surcharge on capital gains and to slash corporate tax pushed markets in the green, with the broader Nifty also rising 362.95 points.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
There it goes again but dumb is dumb. Well,keep on deleting US, Indian tax refunds are not all the same . Majority of them are NOT discretionary income in India.. Some how the FM, with no economics background, sees supply over demand in a country with 75% capacity utilization.
There it goes again but dumb is dumb. Well,keep on deleting US, Indian tax refunds are not all the same . Majority of them are NOT discretionary income in India.. Some how the FM, with no economics background, sees supply over demand in a country with 75% capacity utilization.