WHEN US President Donald Trump announced a reduction in corporate tax
rate from 35 per cent to 21 per cent, there was almost universal clamour in
India for getting similar reduction during the budget exercises of 2018.
Ultimately, the corporations succeeded in getting corporate tax rate reduced
from 30 per cent to 25 per cent for companies having an annual turnover of up
to Rs. 250 crore, which comprised 99 per cent of the total corporate strength
in tax net, leaving the tax structure for individuals and others untouched.
No comments:
Post a Comment