INSUBCONTINENT EXCLUSIVE:
The new tax structure is effective from April 1, 2019.Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to revive
sagging investment in country's economy, including a cut in corporate taxes
The centre will have to bear a cost of Rs
1.45 lakh crore this fiscal to support its decision to reduce corporate tax, Ms Sitharaman said.Akila Agrawal, Partner - Head - M-A, Cyril
Amarchand Mangaldas"The corporate tax relief announced by the Government will definitely boost the economy and increase capital investments
Increase in capital investments will lead to more job opportunities and growth
Whilst it may take some time for the investments to materialise, it is a step in the right direction
corporate tax rate for domestic companies to 22 per cent, effective corporate tax rate after surcharge to be 25.17 per cent; Buy-back tax
not to apply for listed companies, which have already made a public announcement of buy back before July 5, 2019; MAT reduced to 15 per
period.""Manufacturing companies incorporated after October 2019 and commencing production by March 31, 2023 to pay tax at 15 per cent;
Enhanced surcharge not to apply on capital gains on sale of securities including derivatives in the hands of FPIs"Get Breaking news, live
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