Thu, Oct 03, 2019
The corporate rate tax cut is a welcome move and its timing was brilliant, says Kalpana Morparia, Chairperson - South and Southeast Asia, JP Morgan & Co, during an interview with Zee Business.
More >
Sat, Sep 21, 2019
Varun Kapur, Executive Director, Travel Food Services, said "The recent announcement of relaxing corporate tax rate is a bold move by the government which will accelerate industrial activity and bolster investment across all sectors. It is bound to increase capital formation in the country, leading to business expansion and job creation."
The Oil and gas sector is likely to get maximum profit as companies like ONGC, which currently pay about 41% tax, will now have a direct savings of 12%.
Fri, Sep 20, 2019
Kiran Mazumdar-Shaw on Friday complimented Finance Minister Nirmala Sitharaman for the corporate tax rate cut, a day after a Twitter spat with her over the ban on e-cigarettes.
Besides lowering the corporate tax on domestic firms to 22 per cent to firms not availing exemptions and incentives, Sitharaman has also abolished the payment of Minimum Alternate Tax (MAT).
As the Modi government today announced a series of tax incentives to boost the industry and give a big push to investment, Indian stocks surged over 5%, and showed their best day performace in more than a decade.
As per the Finance Minister`s announcement, the 'super-rich' tax will not apply on capital gains arising from the sale of any security, including derivatives in the hands of Foreign Portfolio Investors (FPI).
The decision was immediately cheered by India Inc., especially IT companies that over the years have stepped up payout ratios and used a mix of dividend and share buybacks to return profits to the shareholders.
Corporate tax cut: Rajnish Kumar said, "This move could also materially lead to India effectively integrating with the global supply chain and a boost to Make in India campaign.”
Thu, Jan 26, 2017
Ford Motor Co has reported a loss of $783 million in the fourth quarter of 2016.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
![Corporate tax rate cut: Mazumdar-Shaw says "Hats off to Sitharaman for this bold but most needed move"](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2019/09/20/101298-kiran-mazumdar-shaw-reuters.jpg?itok=qFnh-FK6&c=25be1d5822a150983804cec11b93525f "Corporate tax rate cut: Mazumdar-Shaw says "Hats off to Sitharaman for this bold but most needed move"")
