New Delhi: Union Finance Minister Nirmala Sitharaman on Friday announced that corporate tax rates for domestic companies will be slashed from the present 30 per cent to 22 per cent. Besides, the tax for domestic manufacturing companies incorporated after October 1, 2019, has been fixed at 15 per cent.
Following the announcement, the markets soared with Sensex going up by more than 1,000 points.
The cuts in corporate tax announced by the government will cost the state exchequer Rs 1.45 lakh crore.
On Thursday, the Finance Minister had asked banks not to declare any stressed loan account of micro, small and medium enterprises (MSMEs) as non-performing assets (NPA) till March 2020 and work on recasting their debt.
Jajpur: A total of 894 ineligible people fraudulently received benefits under an old-age pension scheme… Read More
Bhubaneswar: The International Conference on Recent Advances in Nanomedicine brought together more than 500 participants,… Read More
New Delhi: In a recent statement that has stirred political conversations, Shashi Tharoor reaffirmed his… Read More
Bhopal: Prime Minister Narendra Modi lashed out at critics of the Mahakumbh Mela at a… Read More
Balasore: With the festival of Maha Shivratri fast approaching, hectic preparations are underway at the… Read More
New Delhi: In a recent social media post, actress Kangana Ranaut sparked controversy by defending… Read More
This website uses cookies.
