Nirmala Sitharaman slashes corporate tax to fire up economy, market responds with a massive surge

Diwali came early for India Inc and the bourses after the Centre slashed effective corporate tax to 25.17 per cent, inclusive of all cess and surcharges, for domestic companies. Making the announcement, Finance Minister Nirmala Sitharaman said the new tax ...

Friday, September 20, 2019

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Government slashes corporate tax to 25.17 % for domestic companies

NEW DELHI: In a major fiscal booster finance minister Nirmala Sitharaman on Friday proposed to slash the corporate tax rates for all domestic companies by almost 10 percentage points -- with effect from April 1, 2019 -- to boost economic growth rate from a ...
Friday, September 20, 2019

Nifty, Sensex soar as corporate tax cut will boost earnings and investments

“We must care for each other more, and tax each other less," said the American lawyer and politician Bill Archer. India's corporate sector is certainly feeling loved and cared for, with the government slashing the effective corporate tax rate from 34.94% to ...
Friday, September 20, 2019