Nov 20, 2015 at 15:58 | Source: PTI
Considering the rise in wage expenditure by 0.5 percent of GDP next fiscal and a likely reduction in corporate tax rate, the central government's target to reduce fiscal deficit from 3.9 percent of GDP this fiscal year to 3.5 percent in 2016-17 becomes even more challenging.
Nov 04, 2015 at 12:13 | Source: PTI
The Minister in his Budget in February had announced the government's intention to reduce corporate tax from 30 percent to 25 percent over the next four years.
Mar 11, 2015 at 21:28 | Source: PTI
Drawing a comparison, he said the corporate tax rate was 25 percent or less in other ASEAN nations, which were India's main competitors. "The reduction in corporate tax rate is expected to make India competitive, it is expected to make India as an attractive destination for investments, for both domestic and for global investors.
Mar 03, 2015 at 17:16 | Source: PTI
On retrospective amendment, the Finance Secretary said,"If we look at General Anti Avoidance Rules (GAAR) also there was an element of retrospectivity in GAAR, it was supposed to be applicable on all transactions after 2010, now the Finance Minister has announced it will be applicable on transactions on or after April 1, 2017.
Mar 02, 2015 at 10:03 | Source: Firstpost.com
Chidambaram is largely on the wrong track, for what he has chosen not to hear is crucial. The cut in corporate taxes is supposed to be matched by reductions in direct tax rebates and exemptions to companies.
Mar 01, 2015 at 13:51 | Source: Moneycontrol.com
Ind-Ra believes the reduction of corporate tax rate to 25% from 31% earlier may improve banks return on assets by 6bp over the next four years.
Feb 28, 2015 at 19:54 | Source: Moneycontrol.com
The reduction in corporate tax from 30 percent to 25 percent over a four years period is very appreciable The move to reduce the burden on younger companies by reduction in the rate on income tax on royalty and fees for technical services to 10 percent from 25 percent is very positive, says Rakesh Deshmukh, CEO and Co-Founder, Firstouch.
Feb 28, 2015 at 14:58 | Source: CNBC-TV18
Hailing Finance Minister Arun Jaitley's maiden full year Budget, Rahul Bajaj, Chairman, Bajaj Auto said the FM has done a great job
Feb 28, 2015 at 11:00 | Source: Moneycontrol.com
Capital markets may see a reduction in securities transaction tax. In a boost to financial savings, the FM may increase the limits for deduction under section 80C of the income tax act.
Nov 05, 2014 at 15:29 | Source: CNBC-TV18
Adi Godrej, chairman, Godrej Group expects reduction in Minimum Alternate Tax (MAT) to spur investments in the upcoming Union Budget