Nirmala Sitharaman Announces Reductions In Corporate Tax: What is Corporate Tax?

INDIA Team Latestly| Sep 21, 2019 12:58 PM IST
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Corporation tax is a tax imposed on the net income of the company. Finance Minister Nirmala Sitharaman on September 20 slashed the effective corporate tax from 30 percent to 25.17 percent, inclusive of all cess and surcharges for domestic companies. However, the move, effective from April 1, is subject to the condition that they will not avail any other incentive or exemptions.

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Capital Tax Companies Act 1956 Corporate Tax corporate tax rate cut Corporation Tax Rates Domestic Corporations funny memes Memes Nirmala Sitharaman Tax Rates Twitter reactions
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