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EY forecasts extension of 15% corporate tax rate in 2024 budget
EY predicts that the interim Budget may push back the deadline for commencing manufacturing from March 31, 2024, to March 31, 2025, for companies benefiting from the 15% concessional income tax rate.Read more
India may benefit from G-7 countries’ minimum 15% Corporate Tax Pact
Experts feel that India is likely to benefit from the global minimum 15% corporate tax rate pact inked by the world's richest G-7 nations. It is a landmark step toward reforming the global tax system.Read more
Industry expects corporate tax cut to revive economy
Corporate tax for new domestic manufacturing firms has been reduced to 15 per cent. Decision to expand the scope of CSR spending expected to promote PPP in R&D and help India move up the innovation ladder.Read more
Govt reduces corporate tax to 22% and 15% for new manufacturing firms
Decision to expand the scope of CSR spending expected to promote PPP in R&D and help India move up the innovation ladderRead more
Budget 2018: A big booster to SMEs
According to the National Sample Survey’s (NSS) 73rd round, there were around 634 trillion unincorporated non-agriculture MSMEs (micro, small and medium enterprises) in India in 2015-16 providing employment to 111 million workers. Taking into account the significance of MSMEs sector to the country’s economic development, Finance Minister Arun Jaitley announced a list of measures to help MSMEs and job creation in the budget 2018-19.Read more
