Budget 2013: What India Inc anticipates
Lowering of Corporate taxes
The corporate sector has for long been demanding the lowering of corporate tax, though government accepting their demand is unlikely. However, the government may give some relief in tax front selectively like tax holiday and abolition of MAT. Even as direct code tax is not incorporated so far, but as per the guidelines, the government may consider reducing the corporate tax rate to 30 percent. The reduction may be incorporated by removing the additional surcharge and cess.
Reema Sharma/Ajeet Kumar
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