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

Team Latestly Sep 21, 2019 12:58 PM IST

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.

(The above story first appeared on LatestLY on Sep 21, 2019 12:58 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

Tags

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

Follow us on News

You Might Also Like

Second-Hand Car New GST Rule Explained: Is 18% GST Applicable on Selling or Buying of Used Cars? Here’s What Buyers and Sellers Must Know

New Year’s Eve 2024 Funny Memes and Jokes: Hilarious Instagram Reels, Viral Videos, Puns and One-Liners for Those With NYE Plans (or NOT) and Kick Off New Year 2025 With Laughter

Cats vs Christmas Trees Funny Memes and Jokes: From Attack & Demolition of Xmas Tree to ‘Sudden Nap’ Under It, Hilarious Posts for the Fur-Tastic Festivities

Move Over 'Kis Colour Ki Chaddi Pehne Ho' Girl From the Viral Meme, Here Is the OG 'Chaddi Gyaan' by Anil Kapoor (Watch Video)

Categories