Wed, Feb 01, 2017
Know about India's Union Budget 2017-18 in two minutes
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Tue, Dec 27, 2016
Currently, average corporate tax rate for the industry sector in the country is around 22-23%.
A possible increase in short-term capital gains (STCG) tax could be on the agenda in the Budget for 2017 along with higher levy on dividends earned. The STCG, which is the profits on sale of shares held for less than a period of 12 months, is presently taxed at 15% and is expected to be increased to 20% in FY17.
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