News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 9 years ago
Home  » Business » India likely to cut corporate tax earlier than expected

India likely to cut corporate tax earlier than expected

By Manoj Kumar
November 02, 2015 12:31 IST
Get Rediff News in your Inbox:

The government could cut corporate tax to 25 per cent from 30 per cent before a previous deadline of four years, and will provide a roadmap for ending corporate tax exemptions shortly, revenue secretary Hasmukh Adhia said on Monday.

Finance Minister Arun Jaitley, while presenting his annual budget in February, announced that the government would gradually pare corporate tax by 5 percentage points during the next four years and roll back various tax exemptions.

Get Rediff News in your Inbox:
Manoj Kumar
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
 

Moneywiz Live!