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CORPORATE TAX NEWS
PCMC offers 4% rebate for online property tax payments until September 30
July 10, 2025 2:52 pm
PCMC had granted a 10 per cent discount to those who paid their property tax online before June 30.
Top 10 highest direct tax-paying companies in India (FY 2024)
February 27, 2025 7:46 am
Highest Direct Tax-paying Companies: The highest tax-paying companies have accounted for nearly 19% of the government's provisional gross corporate tax collection, totalling Rs 2.2 lakh crore in 2024.
Buoyancy in direct tax collections ... if it continues, could cross Budget targets: Chairman, CBDT
September 02, 2022 5:59 am
In an interview, Gupta said that out of the overall collections, about Rs 10,000 crore has been collected as securities transaction tax and going ahead, if this trend continues, tax collections may exceed Budget targets. Edited excerpts:
Corporate tax mop-up rises 34% in first 4 mths of FY23
August 14, 2022 9:49 am
During 2021-22, corporate tax collections stood at Rs 7.23 lakh crore, a growth of over 58 per cent from 2020-21, it said.
Two out of five new companies opted for 15% tax in 2019-20
April 11, 2022 7:30 am
These companies, numbering 1,244 in 2019-20, cumulatively accounted for just Rs 35.13 crore in total income, government data showed.
UKIBC seeks parity in corporate tax rates for Indian, foreign cos
January 17, 2021 1:15 am
As part of pre-Budget consultations with the Finance Minister, the UK-India Business Council also recommended raising the FDI limit in defence and insurance sectors.
'Why India' to 'Why Not India': PM Modi on change his reforms have brought
December 19, 2020 1:25 pm
Speaking at industry association Assocham's Foundation Week event, Modi also said agriculture reforms brought by his government six months back have started benefiting farmers.
Recent cut in corporate tax rate was done to boost investments: CEA
December 09, 2019 3:17 pm
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Subramanian said at the FICCI Young Leaders Summit
Ravi Shankar Prasad: ‘With new, pro-investment tax regime, we’re going to make a big case for India’
October 07, 2019 6:58 am
Ravi Shankar Prasad said that his department is prioritising components manufacturing as well to ensure the entire value chain is present in India.
Explained: How to read corporate tax cut
October 01, 2019 8:27 am
The cut in corporate tax rate has been the biggest change; inclusive of cesses and surcharges, the rate has come down from roughly 35% to 25%, and without the cesses and surcharges, to 22% from around 30%.
CORPORATE TAX VIDEOS
There is no new idea in Budget 2016-17: P. Chidambaram
February 29, 2016 4:37 pm
New Delhi, Feb 29 (ANI): Congress Leader P. Chidambaram on Monday said that one big take away from Budget 2016-17 was that there is no new idea presented by Finance Minister Arun Jaitley, adding that NDA has followed its own brand of budget making. He further said that there is no major relief for tax payers, and the reduction of corporate tax rate from 30 percent to 29 percent for a very limited class, is laughable. He said that the only virtue of the budget is that it has left every section disappointed and he is happy that the UPA schemes have been continued with. He added that the government is boasting that they collected more tax than ever, but it was only due to excise on crude and not from corporate tax.
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