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Finance Minister may lower corporate tax in Budget: Deloitte

Finance Minister may lower corporate tax in Budget: Deloitte

Finance Minister Arun Jaitley may address the transient pain of demonetisation by cutting corporate tax rates when he presents the Budget for 2017-18 in just over two weeks time.

Direct tax mop-up jumps 25% to Rs 1.24 lakh crore in Apr-Jun

Direct tax mop-up jumps 25% to Rs 1.24 lakh crore in Apr-Jun

Direct tax collection registered a growth of 24.79 percent to Rs 1.24 lakh crore during April- June period, mainly on account of early advance tax mop-up.

US announces additional measures to prevent corporate tax

US announces additional measures to prevent corporate tax

In view of the pharmaceutical giant Pfizer's plans to merge itself with Ireland-based Allergan, the US has announced imposition of additional measures to prevent corporate tax inversions.

1% cut in corporate taxes to cost exchequer Rs 15K crore: Adhia

1% cut in corporate taxes to cost exchequer Rs 15K crore: Adhia

Finance Ministry on Thursday said it refrained from reducing the corporate tax rate by 1 percent in 2016-17 Budget as it would have resulted in revenue sacrifice of Rs 15,000 crore and impacted the fiscal consolidation programme.

 

Budget 2016: Tax incentives welcome, but more measures needed, say startups

The startup community reacted positively to the tax incentives announced in the Budget, but feels the government has not done enough to address their near-term concerns.

Budget 2016: India Inc cheers rural thrust, dissatisfied on corporate tax front

Budget 2016: India Inc cheers rural thrust, dissatisfied on corporate tax front

The thrust given to rural and infrastructure sectors will have a multiplier effect on the economy but the Budget has not met expectations on the corporate taxation front, India Inc said Monday.

Govt moots lower corporate tax at 25% for new manufacturing units

The government Monday lowered the corporate tax for new manufacturing units at 25 percent with a view to promote industrial activity and generate jobs.

Budget 2016: Govt may cut corporate tax by 1%, say experts

Budget 2016: Govt may cut corporate tax by 1%, say experts

Jaitley in his last Budget had announced phased reduction in corporate taxes over four years to 25 percent from present 30 percent, and also simultaneous withdrawal of exemptions.

Budget 2016-17: Industry seeks clear roadmap for reduction in corporate tax rate

Budget 2016-17: Industry seeks clear roadmap for reduction in corporate tax rate

India Inc on Wednesday pressed for a clear roadmap for reduction in corporate tax rate from 30 percent to 25 percent in the forthcoming Budget.

IT dept third list of tax defaulters: Know the names of all 18 individuals

IT dept third list of tax defaulters: Know the names of all 18 individuals

Know the complete list of 18 individuals whose names have been issued by the Finance Ministry as tax defaulters.

Income Tax department publishes names of 18 more defaulters owing over Rs 1,100 crore

Income Tax department publishes names of 18 more defaulters owing over Rs 1,100 crore

The Income tax department's public notice containing the names of the 18 defaulters who have either gone untraceable or have inadequate assets to pay is the third such list this year after names of 49 defaulters with a tax liability of over Rs 2,000 crore were earlier released in two instalments.

Efforts will be to bring corporate tax below 25%: Finance Ministry

Efforts will be to bring corporate tax below 25%: Finance Ministry

MAT is the minimum tax which the companies are required to pay on book profits.

Finance Ministry extends deadline for comments on corporate tax reduction

In a bid to give stakeholders sufficient time to study the plan, the Finance Ministry has extended the deadline to give comments on the roadmap for corporate tax exemption by over three weeks till December 31.

CBDT proposes roadmap for elimination of tax exemption

Preparing the ground for gradual reduction of corporate tax to 25 percent from 30 percent.

Govt may not extend sunset clauses for tax exemption

It has invited comments on the proposal withing 15 days.

FM Jaitley pledges a friendly tax regime, 25% corporate tax

FM Jaitley pledges a friendly tax regime, 25% corporate tax

Taking a dig at the previous UPA administration for bringing in the retro tax, Jaitley said this had resulted in many disputes which gave the country "a bad name" among global investors who chose to leave the country.

 

Rational personal taxes, flat 25% corporate tax in 4 years: FM Jaitley

Rational personal taxes, flat 25% corporate tax in 4 years: FM Jaitley

Rational personal taxes, flat 25% corporate tax in 4 years: FM Jaitley
 

Problem of black money can be tackled by rationalising taxes: Jaitely

Problem of black money can be tackled by rationalising taxes: Jaitely

 Rationalisation in the rate of taxes and more people coming under the net of banking will help in curbing the menace of black money, said Finance Minister Arun Jaitley

Govt to provide roadmap for ending corporate tax exemptions in 45 days

A road map to eliminate all tax exemptions and incentives for corporates will be unveiled in the next 45 days as a prelude to lowering of corporate tax rate to 25 percent over a four-year period, Revenue Secretary Shaktikanta Das Wednesday said.

Jaitley promises better tax regime for companies

Jaitley acknowledged that there was a risk of "cutting it too fine" but said the government would "make every effort to ensure that there is no delay".