Ravi Shankar Prasad asks electronics manufacturers to take full advantage of tax incentives
5 years, 3 months ago

Ravi Shankar Prasad asks electronics manufacturers to take full advantage of tax incentives

India TV News  

Union Minister Ravi Shankar Prasad on Friday exhorted electronics and mobile makers to take full advantage of the tax incentives announced by the government, saying the latest measures underlined the commitment to transform India into a manufacturing hub. The comments came after the government slashed the tax rate for companies by almost 10 percentage points to 25.17 per cent and offered a lower rate of 17.01 per cent for new manufacturing firms in a bid to bolster economic growth rate from a six-year low by incentivising investments to help create jobs. Earlier in the day, Finance Minister Nirmala Sitharaman announced that to attract fresh investment in manufacturing and boost Make In India, new provision has been inserted in the I-T Act, which allows any new domestic company incorporated on or after October 1, 2019, making fresh investment in manufacturing, and starting operations before March 31, 2023, an option to pay income tax at 15 per cent. The effective rate for new companies would come to 17.01 per cent after considering surcharges and cess subject to the condition that they do not avail any other tax incentive or concession such as tax holidays enjoyed by units in special economic zones or accelerated depreciation.

India Manufacturing Pti Cent Ravi Shankar Prasad Prasad Tax Incentives Rate Tax Full Advantage Minister Ravi  shankar  rate  tax  fresh  asks  companies  minister  ravi  electronics  prasad  manufacturing  manufacturers  india  advantage  cent  incentives

History of this topic

Government to offer USD 500 crore incentive to further localise smartphone production
1 month, 3 weeks ago

Government to offer USD 500 crore incentive to further localise smartphone production

India TV News  

India is planning to offer significant financial incentives, up to USD 500 crore, to encourage companies to produce parts locally for a variety of electronic devices, including mobile phones and laptops. Over the past six years, India’s production of electronics has more than doubled, reaching approximately USD 11,500 crore in 2024. India has set an ambitious goal to increase its …

Trump at helm to boost Indian electronics manufacturing as more tariffs on China imminent
2 months, 1 week ago

Trump at helm to boost Indian electronics manufacturing as more tariffs on China imminent

Live Mint  

Donald Trump on his return as US president is expected to broaden tariffs against Chinese imports to cover phones and laptops, boosting the Indian electronics manufacturing sector, according to the domestic industry bodies. “Mr Trump in his election rallies and speeches has been talking about imposition of tariffs on our neighbours, which I am sure will make a lot of …

Govt has made policies to make India attractive for investment: Nirmala Sitharaman
8 months, 3 weeks ago

Govt has made policies to make India attractive for investment: Nirmala Sitharaman

Hindustan Times  

After American tech billionaire Elon Musk postponed his India visit due to his “heavy obligations” at work, Union finance minister Nirmala Sitharaman said the government has tailored policies to make India an attractive hub for manufacturing and services, especially in the light of industries expressing concerns about China. Especially after China Plus One started being a concern for many industries…we …

How reduced taxes on mobile parts could impact smartphone-making industry in India? Explained
11 months, 2 weeks ago

How reduced taxes on mobile parts could impact smartphone-making industry in India? Explained

India TV News  

The centre has taken a big step to support mobile phone production in India. Metal-made mechanical items for cellular mobile phones, such as battery covers, front covers, GSM antennas, sealing gaskets, and more, Expanded List of Components The list includes conductive cloth, LCD conductive foam, BT foam, heat dissipation stickers, protective films, and various items used to make cell phones. …

Semiconductor firms to get 50 per cent aid: PM
1 year, 5 months ago

Semiconductor firms to get 50 per cent aid: PM

Deccan Chronicle  

NEW DELHI: In a bid to boost investment in the technology space in India, Prime Minister Narendra Modi on Friday said that technology firms will be given 50 per cent financial assistance for setting up semiconductor manufacturing facilities in the country. Announcing the government's plans to build a vibrant semiconductor ecosystem in the country, the PM said, "India is becoming …

Modi woos global semiconductor players with talent, tax incentives pitch
1 year, 5 months ago

Modi woos global semiconductor players with talent, tax incentives pitch

Live Mint  

Gandhinagar: Prime Minister Narendra Modi on Friday urged the international semiconductor industry to consider investing in India, highlighting the nation's growing talent pool, reform initiatives, favourable tax regime, and financial incentives. Prabhu Raja, President Semiconductor Products Group at Applied Materials said that to develop manufacturing, India is poised to play an important role in global semiconductor industry. "For the first …

Modi govt's red carpet for semiconductor industries, offers 50% financial assistance to technology firms
1 year, 5 months ago

Modi govt's red carpet for semiconductor industries, offers 50% financial assistance to technology firms

India TV News  

Semicon India 2023: Prime Minister Narendra Modi on Friday said that the government will give technology firms 50 per cent financial assistance for setting up semiconductor manufacturing facilities in the country. Addressing the Semicon India 2023 conference in Gandhinagar, PM Modi said that his government has rolled out the red carpet for semiconductor industries. India’s continuously growing startup ecosystem will …

India's Tesla Dreams Dashed? No tax waivers for Elon Musk’s EV company as they look to set up factories
1 year, 6 months ago

India's Tesla Dreams Dashed? No tax waivers for Elon Musk’s EV company as they look to set up factories

Firstpost  

Elon Musk’s Tesla is not being considered for any tax or duty waivers at the moment, revealed India’s Revenue Secretary, Sanjay Malhotra. Last time Tesla was looking to set up a factory in India, they faced similar issues, because of which they left Elon Musk’s hopes to set up an EV factory in India took a major setback. In recent …

IT Minister Ashwini Vaishnaw hits out at Raghuram Rajan’s semiconductor scepticism
1 year, 7 months ago

IT Minister Ashwini Vaishnaw hits out at Raghuram Rajan’s semiconductor scepticism

The Hindu  

June 02, 2023 10:45 pm | Updated June 03, 2023 01:06 am IST - NEW DELHI Union Minister for Railways, Communications, and Electronics and Information Technology Ashwini Vaishnaw on Friday hit out at former Reserve Bank of India Governor Raghuram G. Rajan for expressing scepticism over the outcome of the government’s Production-Linked Incentive scheme for semiconductor manufacturing. “What Raghuram Rajan …

From mobile phones to chips, India manufacturing enters golden era
1 year, 7 months ago

From mobile phones to chips, India manufacturing enters golden era

India TV News  

In 2018, South Korean giant Samsung inaugurated the world's largest mobile factory in India. The 35-acre facility at Sector 81 in Noida, Uttar Pradesh, saw Prime Minister Narendra Modi and South Korean President Moon Jae-in officially inaugurating it together -- placing the country firmly on the global manufacturing map. Vedanta and Foxconn signed a Memorandum of Understanding with the Gujarat …

Has India’s corporation tax gamble paid off yet?
1 year, 9 months ago

Has India’s corporation tax gamble paid off yet?

Live Mint  

From being raised to 45% in India’s historic budget of 1991, to now just around half of that, corporate tax rates in India have come a long way and are now indeed more competitive globally. The effective tax rate among Indian companies has now fallen below even the statutory concessional rate, a Mint analysis shows. 26%: Corporate tax's share in …

After Apple Factory, Karnataka to Get Electronics Manufacturing Cluster Worth Rs 180Cr Ahead of Polls
1 year, 9 months ago

After Apple Factory, Karnataka to Get Electronics Manufacturing Cluster Worth Rs 180Cr Ahead of Polls

News 18  

The central government has approved the setting up of the Electronics Manufacturing Cluster, worth about Rs 180 crore, in Karnataka’s Dharwad district ahead of the state’s assembly election. This will be established in the Kotur-Belur Industrial Area, which was proposed last year to support medium and small-scale industries, and under the Modified Electronics Manufacturing Clusters Scheme. As of now, three …

On The Semiconductor Train: India's First Chip Plant to Be Built in Karnataka with ISMC's $3B Investment
2 years, 8 months ago

On The Semiconductor Train: India's First Chip Plant to Be Built in Karnataka with ISMC's $3B Investment

News 18  

The Karnataka government said at the weekend that a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor, the International Semiconductor Consortium, will invest $3 billion in the southern state to build India’s first chip manufacturing plant. The latest announcement by Karnataka state authorities implies that the government’s incentive system to turn India into a semiconductor hub …

Centre may revise duty on electronics
2 years, 11 months ago

Centre may revise duty on electronics

Hindustan Times  

The government is likely to rejig customs duties on components or sub-parts of consumer electronics and mobile phones in the upcoming Union budget, two people familiar with the development said. The government is considering reducing import duties on components of audio devices and wearables such as smartwatches and smart bands to boost local manufacturing, the second person said, also declining …

Make in India and get cash incentives of $1 billion: Govt’s offer to chip-makers
3 years, 9 months ago

Make in India and get cash incentives of $1 billion: Govt’s offer to chip-makers

Live Mint  

India is offering more than $1 billion in cash to each semiconductor company that sets up manufacturing units in the country as it seeks to build on its smartphone assembly industry and strengthen its electronics supply chain, two officials said. A consortium of investors led by Abu Dhabi-based fund Next Orbit Ventures has shown interest in setting up in India, …

Govt Clears Production-linked Incentive Scheme to Boost Manufacturing of Laptops, Tablets and PCs
3 years, 10 months ago

Govt Clears Production-linked Incentive Scheme to Boost Manufacturing of Laptops, Tablets and PCs

News 18  

The government on Wednesday approved a production-linked incentive scheme for laptops, tablets, all-in-one PCs and servers, as it looked to woo global players to tap India’s manufacturing capabilities. The approval of PLI scheme for these hi-tech IT hardware gadgets comes after the Cabinet last week cleared a Rs 12,195 crore scheme for telecom equipment manufacturing. Briefing reporters after a meeting …

ABP Budget Conclave | Ravi Shankar Prasad Dismisses Allegations Of Putting India On Sale
3 years, 11 months ago

ABP Budget Conclave | Ravi Shankar Prasad Dismisses Allegations Of Putting India On Sale

ABP News  

New Delhi: Cabinet Minister for Law & Justice and Communication and IT Ravi Shankar Prasad on ABP News’ Budget Conclave said that "out of the 5 trillion economy, 1 trillion will come from the digital economy." Ravi Shankar Prasad talked about Production Link Incentive has been increased which has made major companies like Samsung, Apple from around the world to …

Pushing India to surpass China in mobile manufacturing: Ravi Shankar Prasad
4 years, 1 month ago

Pushing India to surpass China in mobile manufacturing: Ravi Shankar Prasad

The Hindu  

India is now aiming to surpass China in mobile manufacturing with the production-linked incentive scheme attracting global majors, Telecom and IT Minister Ravi Shankar Prasad said on December 14. The National Policy on Electronics 2019 envisages electronic manufacturing turnover of more than ₹26 lakh crore by 2025, out of which ₹13 lakh crore is expected to come from the mobile …

India aims to surpass China in mobile manufacturing: Ravi Shankar Prasad
4 years, 1 month ago

India aims to surpass China in mobile manufacturing: Ravi Shankar Prasad

Live Mint  

New Delhi: India is now aiming to surpass China in the field of mobile manufacturing with the production-linked incentive scheme attracting global majors in this segment to the country, telecom and IT minister Ravi Shankar Prasad said on Monday. The National Policy on Electronics 2019 envisages electronic manufacturing turnover of more than ₹26 lakh crore by 2025, out of which …

Electronics manufacturers propose production worth ₹11.5 lakh cr, 12 lakh jobs: Ravi Shankar Prasad
4 years, 5 months ago

Electronics manufacturers propose production worth ₹11.5 lakh cr, 12 lakh jobs: Ravi Shankar Prasad

Live Mint  

Union IT Minister Ravi Shankar Prasad on Saturday announced that electronic manufacturers including Pegatron, Samsung, Lava and Dixon have proposed to produce mobile devices and components of over ₹11 lakh crore in the next five years under the government's new Production Link Incentives scheme to boost electronics manufacturing. A total of 22 companies have filed their application under the PLI …

Govt to offer production linked incentives to boost manufacturing
4 years, 5 months ago

Govt to offer production linked incentives to boost manufacturing

India Today  

India is working on offering production linked incentives for up to five sectors to boost domestic manufacturing, a top finance ministry official said on Thursday, bolstering efforts to attract new investments in the coronavirus-stricken economy. The government earlier announced production linked incentives for large scale electronic goods makers for five years, to attract investments in mobile phone manufacturing and electronic …

Modi administration cut corporate taxes, it’s industry’s turn to invest: Anurag Thakur
4 years, 6 months ago

Modi administration cut corporate taxes, it’s industry’s turn to invest: Anurag Thakur

Live Mint  

Minister of state for finance Anurag Thakur on Friday urged business leaders to start investing in the economy taking advantage of the lower corporate tax rate and other measures taken to make life easier for businesses. Thakur said that Indian industry used to talk about lower corporate tax rates prevalent in certain countries. Last September, finance minister Nirmala Sitharaman announced …

Electronics incentive schemes launched
4 years, 7 months ago

Electronics incentive schemes launched

The Hindu  

Telecom and IT Minister Ravi Shankar Prasad on Tuesday launched three incentive schemes with a total outlay of about ₹48,000 crore to boost large-scale manufacturing of electronics in the country. Approved in March The three schemes — Production Linked Incentive, Component Manufacturing Scheme and Modified Electronics Manufacturing Clusters — were approved by the Union Cabinet in March this year, however, …

Govt Introduces Rs 50,000 Crore Package to Boost Make in India for Smartphone OEMs
4 years, 7 months ago

Govt Introduces Rs 50,000 Crore Package to Boost Make in India for Smartphone OEMs

News 18  

India launched a $6.65 billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production. To further ease the rules and make local manufacturing of smartphones in India seem attractive, the committee has chosen to remove certain valuation caps from the production process, and also de-link …

Corporate tax cut to mostly benefit less than 1% of companies: Economic Survey
4 years, 11 months ago

Corporate tax cut to mostly benefit less than 1% of companies: Economic Survey

Live Mint  

The steep cut in corporate tax rate will benefit large companies the most as smaller ones were already paying lower rates, the Economic Survey 2019-20 said on Friday. The pre-Budget Survey, tabled in Parliament, said most of the companies have a gross turnover of below ₹400 crore and are already taxed at the base corporate tax rate of 25 per …

Appliances, consumer electronics industry seeks tax relief, incentives in upcoming Budget
4 years, 11 months ago

Appliances, consumer electronics industry seeks tax relief, incentives in upcoming Budget

India TV News  

Manufacturers of appliances and consumer electronics are seeking lower taxes on eco-friendly and energy-efficient products, more incentives for domestic manufacturing and waiving of customs duty on inputs imported to make the components in the upcoming Union Budget. "Lowering the GST tax slabs for eco-friendly and energy-efficient products like air conditioners and refrigerators to 12 percent will drive demand and increase …

Narendra Modi meets Mukesh Ambani, Ratan Tata, other business heads to discuss economy ahead of Union Budget
5 years ago

Narendra Modi meets Mukesh Ambani, Ratan Tata, other business heads to discuss economy ahead of Union Budget

Firstpost  

New Delhi: Ahead of the annual Union Budget presentation, Prime Minister Narendra Modi on Monday interacted with top business tycoons to discuss issues facing the economy and measures needed to boost growth and create jobs. Richest Indian Mukesh Ambani, Tata group patriarch Ratan Tata, telecom czar Sunil Bharti Mittal, billionaire Gautam Adani, Mahindra Group chairman Anand Mahindra, and mining baron …

Tax breaks necessary but India needs more reforms, says CEA
5 years, 1 month ago

Tax breaks necessary but India needs more reforms, says CEA

Live Mint  

Corporate tax rate cuts are necessary but not sufficient to stimulate investments, for which the country needs more reforms, chief economic advisor Krishnamurthy Subramanian said on Tuesday. “Tax rate cuts are necessary, but are not necessarily sufficient conditions for attracting investments because investors look at after-tax returns,” Subramanian said while arguing for more investments. The government in September announced a …

Software, mining, books printing industry not qualify for 15% corporate tax cut: Nirmala Sitharman
5 years, 1 month ago

Software, mining, books printing industry not qualify for 15% corporate tax cut: Nirmala Sitharman

Live Mint  

Finance Minister Nirmala Sitharaman on Thursday said the lower 15% tax rate for new manufacturing companies will not apply to computer software development, mining and printing of books. She was replying to a debate in the Rajya Sabha on the Taxation Laws Bill, 2019 that replaces the Taxation Laws Ordinance, 2019, promulgated on September 20, 2019, to cut the base …

Lok Sabha Passes Bill To Slash Corporate Tax Rates [Read Bill]
5 years, 1 month ago

Lok Sabha Passes Bill To Slash Corporate Tax Rates [Read Bill]

Live Law  

The Lok Sabha today passed the Taxation Laws Bill, 2019, to slash corporate tax rate to 22% without incentives and tax rate for new manufacturing entities to 15%. Salient Features of the Bill Optional Tax Rates For Domestic Companies Currently, the income tax rate for domestic companies with annual turnover of up to Rs 400 crore is 25%. The Bill …

Decision to cut corporate tax in India revolutionary: PM Modi at Global Business Forum
5 years, 3 months ago

Decision to cut corporate tax in India revolutionary: PM Modi at Global Business Forum

India Today  

Addressing top business leaders at the Bloomberg Global Business Forum, Prime Minister Narendra Modi on Wednesday said the government's decision to slash corporate tax is a revolutionary move. PM Modi was referring to the recent tax cut announcement by Finance Minister Nirmala Sitharaman-a move aimed at providing relief to domestic businesses amid a sharp demand slowdown. PM Modi also highlighted …

Corp tax cut may be the beginning of more reforms
5 years, 3 months ago

Corp tax cut may be the beginning of more reforms

Live Mint  

The government last week cut tax rates on corporate incomes. The recent corporate tax rate cuts don’t seem to be an application of supply-side economics, rather an attempt to reform the corporate tax structure. Expert panels had found the corporate income tax system to be in need of reform and advised rate cuts, simplification and removal of provisions that introduced …

Corporate tax cut makes India attractive destination for investment: Guv Das
5 years, 3 months ago

Corporate tax cut makes India attractive destination for investment: Guv Das

Live Mint  

Describing the government's move to slash corporate tax rate as a bold measure, RBI Governor Shaktikanta Das on Tuesday said it has made India a very attractive destination for foreign investment. In the biggest reduction in 28 years, the government on Friday cut corporate tax rate by almost 10 percentage points as it looked to pull the economy out of …

Auto sector to gain from tax cut, says ICRA
5 years, 3 months ago

Auto sector to gain from tax cut, says ICRA

Live Mint  

Automakers and parts suppliers will benefit from the government’s step to cut corporate tax rates, rating firm ICRA Ltd said on Monday. Pavethra Ponniah, vice-president and sector head, ICRA, said the ongoing weak demand conditions may prompt original equipment manufacturers to pass on some benefits of tax revision to the end consumer with lower product prices. In a bid to …

Corporate tax cut makes India an investment destination; to attract foreign firms to set up units: Nirmala Sitharaman
5 years, 3 months ago

Corporate tax cut makes India an investment destination; to attract foreign firms to set up units: Nirmala Sitharaman

Firstpost  

Quoting experts, Nirmala Sitharaman said India is now much better than China in terms of rate, transparency, and tax administration New Delhi: India has become a highly competitive investment destination post-corporate tax reduction as the rates are now lower than that in China and most Southeast Asian countries, Finance Minister Nirmala Sitharaman said on Sunday. India was earlier at disadvantage …

To promote growth, just cut tax rates: Here is the likely impact of tax rates for corporates being slashed by the Modi govt
5 years, 3 months ago

To promote growth, just cut tax rates: Here is the likely impact of tax rates for corporates being slashed by the Modi govt

Op India  

Concerns on taxation front have persisted for a major part of the last two decades. In a joint article with Dr Surjit Bhalla for the Indian Express, we arrived at a figure of 22 per cent as the optimal level of the corporate tax rate. Recently, the Hon’ble minister lowered the tax rate to 22 per cent without the exemptions …

The Hindu Explains | What corporate tax cut means for the Indian economy
5 years, 3 months ago

The Hindu Explains | What corporate tax cut means for the Indian economy

The Hindu  

In its boldest gambit yet to stir up the economy, the government on Friday issued an ordinance to reduce the corporate tax rate for domestic firms and new manufacturing units by 10 to 12 percentage points, effectively bringing India’s tax rates on par with its competing Asian peers. The story so far: Finance Minister Nirmala Sitharaman on Friday, among other …

Corporate tax reliefs to spur growth, create jobs: India Inc
5 years, 3 months ago

Corporate tax reliefs to spur growth, create jobs: India Inc

The Quint  

Bengaluru, Sep 20 The series of tax reliefs Union Finance Minister Nirmala Sitharaman announced in New Delhi on Friday would revive the economy, boost investment, spur growth and create jobs, said India Inc honchos across the sectors. "The corporate tax relief measures are a concrete step to stabilise the economy, boost investment, spur growth and create jobs in key sectors," …

Corporate tax cut historic; govt leaving no stone unturned to make India a better place to do business: Narendra Modi
5 years, 3 months ago

Corporate tax cut historic; govt leaving no stone unturned to make India a better place to do business: Narendra Modi

Firstpost  

Prime Minister Narendra Modi on Friday termed as “historic” the cut in corporate tax rates and asserted that economic announcements made in the last few weeks show that his government is leaving no stone unturned to make India a better place to do business New Delhi: Prime Minister Narendra Modi on Friday termed as “historic” the cut in corporate tax …

Historic: PM Narendra Modi hails corporate tax cut
5 years, 3 months ago

Historic: PM Narendra Modi hails corporate tax cut

India TV News  

Asserting that economic announcements made in the last few weeks show that his government is leaving no stone unturned to make India a better place to do business, Prime Minister Narendra Modi on Friday hailed Finance Minister Nirmala Sitharaman's economy booster. It will give a great stimulus to #MakeInIndia, attract private investment from across the globe, improve the competitiveness of …

Reduction in corporation tax rate welcome, doubtful whether investment will revive: Jairam Ramesh
5 years, 3 months ago

Reduction in corporation tax rate welcome, doubtful whether investment will revive: Jairam Ramesh

India TV News  

Congress leader Jairam Ramesh on Friday welcomed the reduction in corporate tax rate but expressed doubts on whether the step will revive investment. The government's move, he said, does nothing to dispel the fear that pervades India Inc. "A headline-itis afflicted, panic-stricken Modi Sarkar has cut corporate tax rates less than 3 months after a Budget and 4 months before …

7 key takeaways from Nirmala Sitharaman's just announced new taxation laws
5 years, 3 months ago

7 key takeaways from Nirmala Sitharaman's just announced new taxation laws

India TV News  

Friday brought the much-awaited news for the manufacturing sector and corporates in India. In a bit to give the slowing economy a stimulus, Finance Minister Nirmala Sitharaman announced that the government has brought in the Taxation Laws Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance Act 2019. Indiatvnews.com brings to you 7 major announcements …

Indian govt considering directly taxing Google, Facebook and Twitter
5 years, 5 months ago

Indian govt considering directly taxing Google, Facebook and Twitter

India Today  

The Indian government is considering directly taxing big tech companies over the profits that they earn locally. The Indian government, apart from levying taxes on the big tech companies as a part of SEP, is also planning to introduce the taxing scheme in the Direct Taxes Code, which aims to simplify the country's laws pertaining to direct taxes. The move …

Hindustan Unilever pitches for reducing corporate tax rate; urges govt to relax local sourcing norms
6 years, 1 month ago

Hindustan Unilever pitches for reducing corporate tax rate; urges govt to relax local sourcing norms

Firstpost  

In February this year, Finance Minister Arun Jaitley lowered corporate tax rate to 25 percent for businesses with turnover up to Rs 250 crore. New Delhi: Ahead of the Union Budget, FMCG major Hindustan Unilever CMD Sanjiv Mehta on Thursday pitched for reducing corporate tax rate and redressal of technical glitches and procedural matters of the goods and services tax. …

Govt says no scope for corporate tax cut in near future
6 years, 1 month ago

Govt says no scope for corporate tax cut in near future

Live Mint  

New Delhi: The government is unlikely to cut corporate income tax rate for large companies to 25% as promised in its FY16 budget because of revenue constraints, a senior tax official said. Tax rates can’t be cut further without a supporting mechanism to prevent evasion, said Akhilesh Ranjan, member at Central Board of Direct Taxes. The new code, Ranjan said, …

Corporate Tax to be Cut Only When Exemptions End: Arun Jaitley
6 years, 11 months ago

Corporate Tax to be Cut Only When Exemptions End: Arun Jaitley

India TV News  

Finance Minister Arun Jaitley has hinted at the possibility of further tax cuts for corporate and indirect taxes in the future, but only after all existing exemptions are phased out. Jaitley made this announcement during a post-budget interaction with industry chamber FICCI, stating that the corporate tax rate can only be brought down to 25 per cent after all exemptions …

Discover Related