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India Inc Welcomes Government's Corporate Tax Announcements

The new tax structure is effective from April 1, 2019.
The new tax structure is effective from April 1, 2019.
Finance Minister Nirmala Sitharaman on Friday announced the government's decision to lower the corporate tax rates for companies in a bid to boost demand and investments. Ms Sitharaman said that the effective tax rate will be reduced to 25.2 per cent including all surcharges, and will be applicable on companies that aren't availing any incentives. The move will bring the rates at par with Asian rivals such as China and South Korea, t...
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