Corporate Tax

Monday, Dec 04, 2023 | Last Update : 04:57 AM IST

Income Tax department officials conduct raid in New Delhi. (PTI File Photo)

Centre sets big Income Tax targets despite tense economic situation

The target for corporate tax set at Rs 6.81 lakh crore, personal I-T Rs 6.25 lakh crore and security transaction tax Rs 13,000 crore

17 Apr 2020 9:48 AM

Nirmala Sitharaman's budget projections for income tax collections have gone for a toss.

Direct taxes down by nearly Rs 1 lakh crore

Tax collections fall short of annual target by nearly Rs 4 lakh crore

01 Apr 2020 9:57 PM

There is consensus among analysts about likely fiscal slippage and widening of fiscal deficit.

Personal income tax reduction tops budget wish list

Any disappointment on market expectations is likely to trigger profit taking in the equity market, which has been trading at higher levels.

31 Jan 2020 1:40 AM

A set of officers are looking into the pipeline of projects that can be readied so that once the fund is ready, it could be front-loaded on these projects, Finance Minister Nirmala Sitharaman said at a business summit in Mumbai. (Photo: File)

Centre to invest Rs 100 lakh crore in new infra projects to boost economy

PM Narendra Modi has taken various measures since 2014 to boost economic growth, including cutting the corporate tax.

01 Dec 2019 3:32 PM

For the last few quarters the cycle of growth has not been as it was earlier, Chief Economic Adviser KV Subramanian said at an event in New Delhi and added that "corporate tax rate is important for investments". (Photo: File)

Cut in corporate tax rate important for investments: CEA Subramanian

India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.

29 Nov 2019 12:12 PM

Anne-Marie Gulde-Wolf, Deputy Director, Asia and Pacific Department, IMF, said India should address the non-bank financial sector issues. (Photo: File)

'Positive impact on investment': IMF supports India's corporate tax cut

IMF said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions.

19 Oct 2019 8:46 AM

The CBDT clarified that as there is no timeline within which option under section 115BAA can be exercised.

Cos opting for new lower tax can't claim MAT credit, other deductions: CBDT

The section does not provide any timeline for companies to opt for the new regime of lower tax rate.

03 Oct 2019 9:18 AM

Union Finance Minister Nirmala Sitharaman.

FM to meet secretaries, financial advisors of key ministries today

The main agenda of this meeting is to discuss measures to revive the economy and push up investments.

27 Sep 2019 11:00 AM

Profitable companies can pass on part of benefits to consumers by reducing product prices. The companies can reduce their margins a little bit, so that their sales pick up, said banker Deepak Parekh. (Photo: File)

All macros favouring India, companies should pass on tax cuts to consumers: Parekh

Our tax rates have become very competitive with government's move to lower corporate tax rates, said banker Deepak Parekh.

26 Sep 2019 5:17 PM

When the time arises to take a call on it (income tax relief), the government will do so. The government in the past has also increased (the limit) from Rs 2.5 lakh to Rs 5 lakh. In future, whenever the time arises, we will look into the matter, said Minister of State for Finance Anurag Singh Thakur. (Photo: File)

Govt to take call on relief in income tax at appropriate time: Thakur

There has been a clamour for raising income tax exemption limit to push demand and consumption to boost economy.

26 Sep 2019 3:36 PM

Prime Minister Narendra Modi. (Photo: AP)

PM Modi urges global business leaders to invest in India

By reduction corporate tax govt creates a golden opportunity & promised more measures to improve business climate.

26 Sep 2019 9:41 AM

Modi's big tax cut unlikely to spur job bonanza in India

India’s unemployment rate reached 8.19 pc in Aug, up from 6.27 pc in the same month last year.

26 Sep 2019 9:24 AM

Corp tax cut makes India attractive destination for investment: Das

Base corporate tax for existing companies has been reduced to 22 per cent from the current 30 per cent.

24 Sep 2019 2:40 PM

Sitharaman also said the government would decide on additional market borrowings for the second half of 2019-20 later. (Photo: Asian Age)

Govt says no plans to revise fiscal deficit target or cut spending now

Govt cut corporate tax rates in a surprise move designed to woo manufacturers, revive private investment and lift growth from a 6-year low.

23 Sep 2019 10:58 AM

Finance minister Nirmala Sitharaman (Photo: Asian Age)

Tax reform in driblets keeps the party going

Readers will recall the short history of corporate tax reductions under Modi 1.0.

23 Sep 2019 1:09 AM

Friday's announcement, however, is the most material...Our analysis indicates these 1,000 companies could see tax savings of Rs 37,000 crore, or nearly a fourth of the total savings anticipated by the government, said CRISIL.

Top 1,000 listed firms may see tax savings of Rs 37,000 cr post corp tax cut: CRISIL

The drop in tax rate would now bring India at par with most Asian economies, the report added.

22 Sep 2019 7:14 PM

Taxing new manufacturing facilities (that come up by 2023) at 15 per cent will enable attraction of global capital and spur a beleaguered investment cycle, the report said. (Photo: Representational)

Banking, FMCG to benefit from corp tax cut; pharma, IT to remain untouched: Report

The immediate benefit is increased cash flows to corporate India.

22 Sep 2019 2:23 PM

Manufacturing firms to boost economic growth rate from a six-year low by incentivising investments to help create jobs.

Reduction in corporate tax rates, expert says move to arrest slowdown

Govt slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent.

21 Sep 2019 2:01 PM

Commodity and information technology (IT) services companies will benefit most from the tax rate cut.

Corporate tax cut positive but growth faces headwinds: Moody's

On Friday, the Centre announced a reduction in the base corporation tax rate to 22 per cent from 30 per cent.

21 Sep 2019 1:16 PM

Senior Congress leader Kapil Sibal on Saturday attacked the government over its move to cut corporate tax, alleging that the rich will benefit while the poor left to fend for themselves. (Photo: File)

Rich will benefit, poor left to fend for themselves: Sibal on tax cut

The Congress on Friday had termed the corporate tax cut a 'panic reaction' by the government.

21 Sep 2019 12:54 PM

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Saeed Naqvi

corporate tax