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corporate tax

CORPORATE TAX NEWS

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%.

Golden opportunity for investment in India after corporate tax cut: PM Modi

September 25, 2019 8:36 pm

PM Modi, while addressing US companies in New York said that his government's recent move on corporate tax cut was to invite investments. He also said that the country is investing heavily in developing infrastructure.

No plans to revise fiscal deficit target or cut spending: Sitharaman

September 22, 2019 8:00 pm

"At this point of time we are not revising any target. The decision will be taken later," Finance Minister Nirmala Sitharaman told reporters at her residence in New Delhi on Sunday, adding that there was no plan to cut spending currently.

Opposition slams corporate tax cut, PM calls it historic step

September 21, 2019 4:33 am

The CPM described the deep cut as “brazen attempt to woo portfolio investors from the US and the rest of the world” on the eve of Prime Minister Narendra Modi's visit to the US.

Efforts will be to bring corporate tax below 25%: Shaktikanta Das

December 19, 2015 2:06 am

The finance ministry will soon detail some major decisions to deal with stressed assets of the banking sector, he said.

Bringing tax down while pruning sops may raise corporate burden

March 02, 2015 1:37 am

At present, on the back of exemptions & deductions, actual tax rate is 23.22%.