Corporate Tax | The Asian Age

Thursday, Apr 18, 2024 | Last Update : 12:44 PM IST

corporate tax Page-2

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

Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act.

US corporate sector hails India's move to slash income tax rate for companies

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

21 Sep 2019 9:49 AM

According to dealers, there was a massive intervention from the Reserve Bank of India (RBI) when the rupee touched 70.65 to protect the exporters.

Rupee rallies, but bond yields spike

The rupee settled 37 paise higher against the dollar at 70.94

21 Sep 2019 2:53 AM

Wadhera emphasised that these are indeed landmark announcements and would certainly help in reviving growth in the economy.

Corporate tax cut cheers Auto Inc

Move may spur demand for contract manufacturing.

21 Sep 2019 2:52 AM

India is among those few countries with high income tax rates for individuals, despite being a laggard in terms of revenue collection due to a smaller taxpayer base.

Speculation rife on possible income tax cut for individuals

After a cut in the corporate tax, speculation around an income tax cut for individual taxpayers is rife.

21 Sep 2019 2:49 AM

Finance minister Nirmala Sitharaman (Photo: Asian Age)

Corporate taxes slashed, Sensex zooms 1,921 points

Modi 2.0’s ‘big bang’ reform raises hopes of jobs, growth.

21 Sep 2019 1:12 AM

Commerce and industry minister Piyush Goyal. (Photo: File)

Corporate tax cut to give 'necessary fillip' to economy: Piyush Goyal

Corporate tax rate cut for companies by almost 10 percentage points to 25.17 per cent.

20 Sep 2019 2:14 PM

Commerce and industry minister Piyush Goyal on Friday said the announcement of the corporate tax rate cut for companies by almost 10 percentage points to 25.17 per cent will give necessary fillip to the economy. (Photo: File)

Corporate tax cut to give 'necessary fillip' to economy: Piyush Goyal

The minister is hopeful that businesses will be able to take benefit of these measures to spur growth.

20 Sep 2019 1:28 PM

GDP growth slowed for the fifth consecutive quarter in April-June 2019 to 5 per cent, the lowest in six years.

Industry, market cheer slashing of corporate tax rate

Corporate tax rate cut from 30 pc to 25.2 pc to spur growth- this is a great move which will firmly revive growth and investment.

20 Sep 2019 1:21 PM

The government slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies.

RBI expects growth to pick up from Q2 on govt spending

Governor also welcomed the government announcement in the morning to slash corporate tax across the board.

20 Sep 2019 1:07 PM

Sitharaman said the revenue foregone on reduction in corporate tax and other relief measures will be Rs 1.45 lakh crore annually.

Govt slashes corporate tax to 25.17 per cent for domestic cos

The changes in the Income Tax Act and Finance Act will be made effective through an ordinance.

20 Sep 2019 11:15 AM

Corporate tax rates slashed for domestic companies, announces Sitharaman

After the announcement, markets immediately rose with Sensex surging over 1000 points and Nifty climbing above 11,067 mark.

20 Sep 2019 10:58 AM

The Sensex fell 267.64 points or 0.72 per cent to settle at 37060.37, while the Nifty 50 Index fell 98.30 points or 0.89 per cent to settle at 10918.70.

Markets to remain cautious in near-term

The S&P BSE Mid-Cap Index fell 1.32 per cent, while the S&P BSE Small-Cap Index plunged 1.43 per cent.

22 Aug 2019 3:34 AM

Nirmala Sitharaman had cut corporate tax for companies with annual turnover of up to Rs 400 crore.

Corporate tax for large companies to be gradually cut to 25 pc: Sitharaman

The ministry has decided to hold meetings of tax administrators across various Tier II cities in the country.

20 Aug 2019 8:43 AM

Echoing Prime Minister Narendra Modi's Independence Day speech, FM Nirmala Sitharaman said Indian wealth creator entrepreneurs will be given all kinds of support.

FM says corporate tax for cos to be cut gradually

Corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25 pc, said FM Nirmala Sitharaman.

19 Aug 2019 7:31 PM

The corporate tax rate is 30 per cent at the moment.

Budget 2019: Firms with turnover of Rs 400 cr to pay lower 25 pc corporate tax

Only 0.7 per cent of the companies will now remain outside the 25 per cent corporate tax bracket, says Sitharaman.

05 Jul 2019 1:26 PM

To push investment, CII President Vikram Kirloskar said the government should address issues concerning land reforms and labour laws.

Bring down corporate tax to 18 per cent sans exemptions: CII

Government has already reduced corporate tax to 25 per cent for companies having turnover of less than Rs 250 crore.

11 Jun 2019 6:47 PM

'The discussions revolved around a wide range of issues, including taxation, job creation and boosting industrial output,' said Ficci President Sandip Somany.

Govt has promised to lower corporate tax to 25 pc as GST revenue rises: Ficci

In the 2015-16 budget, govt had announced that corporate tax rate would be gradually lowered to 25% from 30% over next four years.

05 Mar 2019 4:00 PM

After including surcharges, the current effective corporate taxes are 33.9 per cent for domestic companies and 43.26 per cent for foreign companies.

Corporate tax may be cut to 25 per cent for turnover up to Rs 500 cr

Companies above Rs 250 crore turnover currently pay a basic corporate tax rate of 30 per cent.

16 Jan 2019 11:18 AM

Net collections (after adjusting for refunds) have increased by 13.6 per cent to Rs 7.43 lakh crore during April-December, 2018.

Direct tax mop up rises 14.1 pc to Rs 8.74 lakh cr in Apr-Dec 2018

The gross collections for corporate tax is 14.8 per cent while that for personal income tax is 17.2 per cent.

07 Jan 2019 1:06 PM

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Columns

Syed Ata Hasnain

corporate tax Page-2

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

US corporate sector hails India's move to slash income tax rate for companies

Rupee rallies, but bond yields spike

Corporate tax cut cheers Auto Inc

Speculation rife on possible income tax cut for individuals

Corporate taxes slashed, Sensex zooms 1,921 points

Corporate tax cut to give 'necessary fillip' to economy: Piyush Goyal

Corporate tax cut to give 'necessary fillip' to economy: Piyush Goyal

Industry, market cheer slashing of corporate tax rate

RBI expects growth to pick up from Q2 on govt spending

Govt slashes corporate tax to 25.17 per cent for domestic cos

Corporate tax rates slashed for domestic companies, announces Sitharaman

Markets to remain cautious in near-term

Corporate tax for large companies to be gradually cut to 25 pc: Sitharaman

FM says corporate tax for cos to be cut gradually

Budget 2019: Firms with turnover of Rs 400 cr to pay lower 25 pc corporate tax

Bring down corporate tax to 18 per cent sans exemptions: CII

Govt has promised to lower corporate tax to 25 pc as GST revenue rises: Ficci

Corporate tax may be cut to 25 per cent for turnover up to Rs 500 cr

Direct tax mop up rises 14.1 pc to Rs 8.74 lakh cr in Apr-Dec 2018

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