Government could cut corporate tax to 25% earlier than expected: Revenue secretary Hasmukh Adhia

Corporate tax in India could come down to 25 percent before the four year deadline, as government is looking at unleashing corporate tax reforms in the country.

Zee Media Bureau

New Delhi: Government may cut corporate tax to 25 percent from 30 percent before the expiry of the four year deadline, Revenue Secretary Hasmukh Adhia said on Monday.

Corporate Inc. is also likely to see the roadmap for putting an end to corporate tax exemptions by December, and government was preparing blueprint for dealing with existing tax litigations, added the Revenue Secretary.

Finance Minister Arun Jaitley, earlier last month had said that the government was planning reforms in corporate tax structure.