Page 5 - Latest Updates on Corporation Tax
Budget 2020: CII seeks announcement of corporate tax rate merger to 15%
According to the industry body, the desired impact of the reduction in corporate taxes on the ground is still far from satisfactory.
 "Budget 2020: CII seeks announcement of corporate tax rate merger to 15%")
Corporate earnings may worsen in Q3, but profits could get tax-cut boost
Banks, OMCs are expected to bring most of the incremental growth
 "Corporate earnings may worsen in Q3, but profits could get tax-cut boost")
No need for further corporation tax cuts, says Abhijit Banerjee
I think you have to get the demand side going... you need to get money in the hands of people who will spend it now, people who need the money, says Abhijit Banerjee
 "No need for further corporation tax cuts, says Abhijit Banerjee")
Finance Ministry ramps up efforts to meet direct tax collection targets
Field officers were asked to make efforts to identify and initiate actions against willful tax evaders or those using fake invoices or e-way Bills
 "Finance Ministry ramps up efforts to meet direct tax collection targets")
Year in Review: Market ends on high, thanks to tax cut, US-China trade deal
Debt-laden companies get heavily punished amid uncertainties over economic growth
 "Year in Review: Market ends on high, thanks to tax cut, US-China trade deal")
Year in Review: Pulwama to CAA stir, 10 defining events for India in 2019
Days before the year draws to a close, we look back at some of the key events in economy, politics, space and judiciary that defined 2019 for India
 "Year in Review: Pulwama to CAA stir, 10 defining events for India in 2019")
Key policy steps taken by NDA govt this year to revive a sagging economy
Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track
 "Key policy steps taken by NDA govt this year to revive a sagging economy")
Impact of corporation tax cut will be visible after two years: CII chief
He said the industry pushed the government a lot for reducing the rates
 "Impact of corporation tax cut will be visible after two years: CII chief")
Simplify I-T structure
That's the way to go for improving tax base, compliance
 "Simplify I-T structure")
Bankers will be allowed to work without any fear, assures PM Modi
PM Modi said low-income groups must never feel the absence of government
 "Bankers will be allowed to work without any fear, assures PM Modi")
Amid slowing economy, corporation tax mop-up contracts 1% in Apr-Nov
The collection numbers are expected to worsen further once the impact of the corporation tax rate cuts becomes visible in the third advance tax collection instalment due on December 15
 "Amid slowing economy, corporation tax mop-up contracts 1% in Apr-Nov")
Govt's move to reduce corporation tax has had a 'positive impact': FM
Sitharaman said many countries in South East Asia had reduced their corporate tax to attract investment and cited examples of Thailand, Vietnam and Singapore.
 "Govt's move to reduce corporation tax has had a 'positive impact': FM")
Taxation Law (Amendment) Bill introduced in LS to cut corporation tax rate
The bill seeks to provide for a unified financial regulator for IFSCs
 "Taxation Law (Amendment) Bill introduced in LS to cut corporation tax rate")
Cabinet okays Bill to replace ordinance on corporation tax rate cut
The tax rate has been reduced to 15 per cent for new domestic manufacturing companies incorporated after October 1
 "Cabinet okays Bill to replace ordinance on corporation tax rate cut")
Brokerages turn cautious on markets amid slowing growth, rich valuation
Since the cut in corporation tax, the S&P BSE Sensex and Nifty 50 have gained 12 per cent and 11 per cent
 "Brokerages turn cautious on markets amid slowing growth, rich valuation")
Come clean on fisc
Govt must not conceal how slowdown is impacting revenue
 "Come clean on fisc")
Indraprastha Gas Q2 net more than doubles on lower tax rate, higher sales
IGL sells Compressed Natural Gas (CNG) to automobiles and Piped Natural Gas (PNG) to household kitchens and industries
 "Indraprastha Gas Q2 net more than doubles on lower tax rate, higher sales")
Despite unavailability of MAT credit, 60% of firms opt for lower tax regime
In absolute terms, around 300,000 companies are now at the 22% rate, against the earlier 25-30% earlier
 "Despite unavailability of MAT credit, 60% of firms opt for lower tax regime")
PM says will further improve tax regime to attract overseas investment
Attracting new investment is key to creating jobs and boosting growth in the economy, which slowed to a six-year low growth rate of 5 per cent in the quarter ended June
 "PM says will further improve tax regime to attract overseas investment")
Market performance in Samvat 2075 was unsatisfactory: Motilal Oswal
Markets are likely to remain range-bound in the near term till economic recovery is visible, says Motilal Oswal
 "Market performance in Samvat 2075 was unsatisfactory: Motilal Oswal")
