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Corporate Tax

Long-term capital gains tax and other budget proposals to kick in from April 1

Arun Jaitley had retained the 10-15 percent surcharge on the super-rich, while raising the health and education cess, levied on all taxable income, to 4 percent from 3 percent at present.

Mar 31, 2018, 23:50 PM IST

Direct tax kitty grows 19% to Rs 6.95 lakh crore in Apr-Jan period

Collections for Corporate Income Tax showed a growth of 19.2% and that for Personal Income Tax came at 18.6%.

Feb 09, 2018, 21:23 PM IST

Budget 2018: Industry pushes for reduction in corporate tax

The industry bodies suggested lowering the corporate tax to 18-25 percent, from up to 30 percent at present.

Dec 06, 2017, 16:58 PM IST

Corporate bond trades hit record Rs 12 lakh crore in April-January FY'17

Trading in corporate debt at stock exchanges hit a record Rs 11.70 lakh crore during the first 10 months of the current fiscal.

Feb 12, 2017, 11:55 AM IST

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.

Jan 15, 2017, 12:17 PM IST

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.

Jul 08, 2016, 18:41 PM IST

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.

Apr 05, 2016, 09:35 AM IST

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.

 

Mar 03, 2016, 22:20 PM IST

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.

Feb 29, 2016, 18:32 PM IST

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.

Feb 29, 2016, 16:29 PM IST

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.

Feb 29, 2016, 14:44 PM IST

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.

Feb 18, 2016, 21:02 PM IST

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.

Jan 06, 2016, 19:27 PM IST

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.

Dec 30, 2015, 16:29 PM IST

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.

Dec 30, 2015, 15:37 PM IST

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.

Dec 19, 2015, 20:18 PM IST

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.

Nov 26, 2015, 20:49 PM IST

CBDT proposes roadmap for elimination of tax exemption

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

Nov 20, 2015, 21:57 PM IST

Govt may not extend sunset clauses for tax exemption

It has invited comments on the proposal withing 15 days.

Nov 20, 2015, 19:48 PM IST

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.

 

Oct 17, 2015, 21:33 PM IST