Feb 10, 2016 at 07:36 | Source: PTI
The proposal also foresees steadily increasing budget deficits, after several years of reduction, unless Congress passes a package of reforms that will increase taxes on the country's wealthiest.
Jan 06, 2016 at 22:17 | Source: PTI
Industry bodies such as CII and Ficci suggested that the withdrawal of incentives should be in tandem with the reduction in corporate tax rate besides removal or reduction of minimum alternate tax (MAT).
Jan 06, 2016 at 21:27 | Source: PTI
India Inc today pressed for a clear roadmap for reduction in corporate tax rate from 30 per cent to 25 per cent in the forthcoming Budget. The industry chambers including CII and Ficci also suggested that the withdrawal of incentives should be in tandem with the reduction in corporate tax rate besides removal of minimum alternate tax (MAT).
Dec 09, 2015 at 11:05 | Source: PTI
The illegal capital outflows stem from tax evasion, crime, corruption and other illicit activity, the report said, according to which a record USD 1.1 trillion flowed illicitly out of developing and emerging economies in 2013, the latest year for which data is available.
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.