Page 3 - Corporate Tax

Enjoying tax holidays, IT firms won't gain much from the rate cut

The effective tax rate for TCS in FY19 stood at 24.1 per cent, while for HCL Technologies, it was 19.8 per cent

Corporate tax cut likely to help demand, make consumer goods cheaper

FMCG sector experts said consumer goods will be one of the biggest beneficiaries of the tax cut

How India's new corporate tax rates compares with its Asian counterparts

The new tax rates now bring India broadly in line with its South-East Asian counterparts

FM's tax cuts may give more elbow room to govt to sign the RCEP deal

Key pain point of Indian industry, of being a high-cost producer of goods, substantially reduced; Indian tax on companies now slightly below average Asian level

Festival bonanza from FM: Corporation tax rate slashed to boost investments

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

Loud cheer in markets for FM's booster, poised for biggest gain in a decade

Tax on domestic companies will be slashed to 22 per cent from 30 per cent, Finance Minister Nirmala Sitharaman said Friday

Big smile and two thumbs up: Industry's response to govt's $20-bn bonanza

The reduction in corporate tax rates follows a series of steps to boost demand and investments after growth slowed to 5% in the quarter ended June

Top 10 biz headlines: Firms may get tax relief, fresh DHFL default & more

From DTC task force recommending slashing of corporate tax to 25% for domestic and foreign firms to DHFL defaulting on financial repayment obligations, here are the top business headlines for Tuesday

The scale of India's economic challenge

The government shouldn't worry about the latest quarterly growth figures

Corporate tax cuts don't go far enough

The single most long-standing demand of India Inc has been a reduction of the corporate tax rate

Lower the corporate tax rate

Small changes in taxation can kick off disproportionate responses by way of shifts in capital

At 48.3% in 2018, corporate taxes in India among highest in the world

The combined corporate tax rate in India is more than one-and-a-half times that of Japan, and over double that of Russia and the UK: Report

How can we tax footloose MNCs?

Apple has become the poster child for corporate tax avoidance

Listed companies paid a little less than a third of corporate tax in FY18

Tax outgo for listed companies grew even slower at a CAGR of 5% during the period

Govt to take action against 225,000 cos for not filing financial statements

Section 248 of the Companies Act -- which is implemented by the corporate affairs ministry -- provides powers to strike off names of companies

Corporate tax to come down to 25% once exemptions end, says Arun Jaitley

In the Union Budget 2018-19, presented last week, Jaitley provided for lower tax rate for corporates with turnover of up to Rs 250 crore

Don't misuse I-T laws, pay taxes as rates are already low: CBDT to industry

Chandra said that the effective tax rate for large companies works out to be 26 per cent after taking into account various exemptions which they enjoy

Poor corporate tax collection and reading the tea leaves

Various data points emanating from the government shows there are no signs of growth picking up yet

Resolved various legacy issues, moving to 25% corporate tax rate: FM Jaitley

Arun Jaitley further said that India achieved over 7.5% growth rate despite global headwinds

Why over 50,000 profitable firms pay no tax

Companies making larger profits are now paying a lower rate of effective tax because of concessions