Corporate Tax

A tale of two taxes

The trajectories of corporate and minimum alternate tax do not reveal tax policy rationale

Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%

Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.

Q4 corporate earnings disappoint amid lockdown, point to worse quarters

Combined revenues of 410 firms declined 6%, while profit before tax fell 35%

I-T department issues refunds worth Rs 26,000 cr to around 1.7 mn taxpayers

Expediting refunds of up to Rs 5 lakh was announced as part of the government's policy initiative to tackle the economic impact of Covid.

Tax tweaks can spur economic revival

These are extremely challenging times, and collective efforts by the government and industry would be required to bring the economy back on track

Slash dividend & prioritise shoring up balance sheet

Only after business has stabilised and there is visibility ahead should companies look at paying their shareholders

CBDT notifies 10-IC, 10-ID forms for firms to avail lower corporate taxes

Form 10-IC will have to be filed by the companies that wish to avail the beneficial rate of 22 per cent upon relinquishment of the exemptions/incentives offered under the Income Tax Act.

Union Budget 2020: Corporate tax growth of 12% for FY21 'unrealistic'

India Inc tax collections to fall 8% in FY20

Budget 2020: Exemption on corporate tax to power NTPC, renewables

The renewable energy sector is elated that the benefit will come to them, given no future pipeline of any thermal power projects

Full marks for technocratic budget that lets us embrace ease of living

India's corporate tax structure is now globally competitive! Rates of 25 and 15 per cent are completely acceptable to international investors

Global corporate tax system must be overhauled, says Apple CEO Tim Cook

Cook said Apple's belief that "law should not retrofitted" was at the heart of the case and that the company had great faith in the justice system.

FM Sitharaman to set realistic nominal GDP target at 9.5-10%: Report

"This year, there will be a realistic assessment of the nominal GDP," said a source.

Relief to non-telecom firms on AGR dues can only come from SC: Report

The Telecom Department is current 'examining' the replies given by the state-owned non-telecom corporations on the Adjusted Gross Revenue (AGR) dues, a senior official said

Fully cooperated and provided all documents: Dishman on I-T search

Firm says probe was unanticipated as no prior tax demand notice was received, doesn't foresee adverse outcome; reinstates guidance of 8-10% revenue growth

Top 10 biz headlines: Advance corporation tax mop-up, GST council, and more

From Unilever cutting sales to rise in financial frauds, here are the top 10 business headlines for the day

Advance corporation tax mop-up drops over 5% in Dec quarter to Rs 73,000 cr

Net collection grows only 0.7% to Rs 6.75 trillion

Budget 2020: IT firms want 15% corporate tax for services companies in SEZs

The sunset clause for SEZ nearing - March 31, 2020 - and the IT industry has been a big beneficiary of the policy

Budget 2020: Venture Capitals, startups seek budgetary aid in meet with FM

The Nasscom has also sought that IT and BPO firms should not be treated as financial intermediaries for the goods and services tax (GST).

Highlights of FM Nirmala Sitharaman's corporation tax rate cuts today

The measures announced by the finance minister will hit the exchequer by Rs 1.45 trillion a year

Corporate tax for firms with over Rs 400 crore turnover to be cut gradually

Arun Jaitley, as finance minister last year, had cut the corporate income tax rate to 25 per cent for companies with a turnover of up to Rs 250 crore