Taxation Laws (Amendment) Ordinance 2019 Current Affairs, GK & News

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 ..