Corporate Tax Rate Cut

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  Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs

  In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.

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  Windfall Tax On Crude Oil, Aviation Fuel Cut, New Rates To Come Into Effect From February 16

  The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to Rs 4,350 per tonne from Rs 5,050 per tonne, the order dated February 15 said.

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  Corporate Tax Collection Exceeds 3% Of GDP In 2021-2022 After Gap Of 2 Years

  In 28 years, the government had gone for the highest cut by almost 10 percentage points in corporate tax rates for new manufacturing units in 2019-20. The mop up and ratio slipped to 2.77 per cent of GDP in 2019-20 on account of the cut in corporate tax rate.

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  Finance Minister Urges Corporates To Support Economic Growth

  Finance minister Nirmala Sitharaman on Saturday asked corporates to invest in the economy so that the virtuous cycle kicks in

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  Tax Holiday For Startups, Relief For Senior Citizens: Top 10 Tax Highlights Of Budget 2021

  Budget 2021 Tax Highlights: In a major tax relief for senior citizens, Finance Minister Nirmala Sitharaman while presenting Budget 2021 announced that citizens aged 75 years and above, who only have pension and interest income are now exempted from filing the tax returns. In last year's budget, a major cut in the tax rates for the salaried class wa...

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  Petrol, Diesel Prices Slashed By Up To 16 Paise Across Metros

  State-owned oil marketing companies on Monday revised prices of the two auto fuels across the metro cities. As per the notification from Indian Oil Corporation, petrol and diesel prices were slashed between 13 paise to 16 paise respectively. In Delhi, petrol rates were cut by 14 paise bring down the price to Rs. 81.72 per litre from Rs. 81.86 per l...

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  Diesel To Be Cheaper By Over Rs 8 In Delhi, VAT Cut To 16.5%: Arvind Kejriwal

  Delhi Chief Minister Arvind Kejriwal on Thursday announced a reduction in value added tax or VAT applicable to diesel to 16.75 per cent, which would bring down the price of the fuel by more than Rs 8 per litre in the national capital. Until now, the value added tax was at 30 per cent in Delhi. Currently, the rate of diesel is Rs 81.94 per litre in ...

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  PM Modi Seeks Advice From 130 Crore Indians For Budget 2020

  Government is expected to announce tax concessions for individuals and increase spending on infrastructure after cutting corporate tax rates last year.

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  Note Ban, Jan Dhan Yojana, GST, Mega Bank Mergers: A Recap Of Key Turning Points In 2010s

  An array of developments, ranging from GST and demonetisation to corporate tax rate cut and banking reforms, has transformed the economic landscape of the country.

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  India Will Emerge Stronger From Economic Slowdown, Says PM Modi

  PM Modi said that the current government has cut the corporate tax rate and is lowest when compared with tax rate during the previous governments.

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  Budget Likely To Cut Tax Rates For Individual Taxpayer: Report

  Prime Minister Narendra Modi earlier this year cut corporate tax rates to 15 per cent for new manufacturers and to 22 per cent for existing companies, from about 30 per cent.

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  Nestle Fined Rs 90 Crore For Not Passing On GST Rate Cut

  National anti-profiteering agency has penalised the FMCG giant for not passing on the benefit of the goods and services tax reduction to consumers.

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  Government Committed To More Reforms: Nirmala Sitharaman

  In the past few months, the government has announced a slew of measures including corporate rate tax cut and ease in liquidity for Non-Banking Financial Companies (NBFC).

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  Lok Sabha Passes Bill To Effect Corporate Tax Reduction

  In the biggest reduction in 28 years, the government in September slashed corporate tax rates up to 10 percentage points as it looked to pull the economy.

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  Corporate Tax Cut Important For Investments: Chief Economic Adviser Krishnamurthy Subramanian

  The government has undertaken a number of measures to arrest the slowdown in growth. In September, it announced a cut in the corporate tax rate to 22 per cent from 30 per cent. It also lowered the tax rate for new manufacturing companies to 15 per cent to attract new foreign direct investments.