corporate tax rate Current Affairs, GK & News
Rs 3.26 Lakh Crore Central GST Collection in First 8 Months of the Fiscal
Minister of State for Finance, Anurag Singh Thakur in a written reply to the Lok Sabha on Monday, November 25 informed that the central Goods and Service Tax (GST) collections till October 2019 for the financial year 2019-20 stood at Rs 3,26,490 crore, which is around half the target of central government for the current ..
Category: Economy & Banking Current Affairs
Topics: Anurag Thakur • Central government • Central GST • corporate tax rate • direct taxes • GST • Lok Sabha
Centre cuts Corporate Tax Rate for domestic investors
The Centre government has cut the effective corporate tax rate for existing domestic companies to 25.17% (from 34.94% now) and for new domestic companies, it will be 15% now. For this purpose the government has brought in Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in Income-tax Act 1961 and Finance (No. 2) Act ..
Month: Current Affairs - September, 2019
Category: Economy & Banking Current Affairs
Topics: corporate tax rate • Domestic Company • Finance (No. 2) Act 2019 • Income Tax Act 1961 • Nirmala Sitharama • Taxation Laws (Amendment) Ordinance 2019 • Union Minister for Finance and Corporate Affairs