What Experts Say On Government's Big Tax Relief To Companies

Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to revive sagging investment in country's economy, including a cut in corporate taxes. Ms Sitharaman said that the effective corporate tax rate will be lowered to 25.2 per cent from 30 per cent, which she said would be at par with Asian peers. The new tax structure is effective from April 1, 2019. This change will be made through an ordinance to amend the Inco...