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 ..

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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 ..

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