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  Corporate tax collection up by 34 per cent between April-July

  Business | August 13, 2022 14:31 IST

  Business news: The tax department tweeted on corporate tax collection growth in April-July in an apparent attempt to counter criticism of the 2019 reduction in tax rates for companies which was alleged to have dented the Centre's revenue collections, impacting its spending on social welfare schemes.

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  Budget 2022: Tax for cooperative societies reduced | Full analysis

  Business | February 01, 2022 17:01 IST

  In order to provide a level playing field between the co-operative societies and companies, the government proposes to reduce the Alternate Minimum Tax rate for co-operative societies to 15 per cent from the current 18.5 per cent, Finance Minister Nirmala Sitharaman announced.

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  For the first time ever, UAE to impose federal corporate tax from June 2023

  World | January 31, 2022 23:09 IST

  The UAE — home to Abu Dhabi, Dubai and five other emirates — has been steadily introducing new taxes as it seeks to diversify revenue from its mainstay of oil. It is unclear how the new 9% corporate tax on earnings will impact consumers as some businesses could raise their prices as a result.

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  Nobel laureate Abhijit Banerjee on why there shouldn't be anymore cuts in corporate tax & more

  Business | January 04, 2020 14:02 IST

  Talking about the economic slowdown in India, Nobel laureates Abhijit Banerjee said that it was important that there were no more cuts in corporate taxes.

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  Rajya Sabha members uncertain over investments flow after corporate tax reduction

  Politics | December 05, 2019 21:50 IST

  Prime Minister always like to go on foreign trip accompanied by major policy announcements and I think what happened on September 20, 2019, was the curtain-raiser for the event to follow the event in Houston," Congress Member Jairam Ramesh said.

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  Corporate tax cut to boost investments; green shoots visible: Nirmala Sitharaman

  India | December 02, 2019 22:25 IST

  ​Asserting that corporate tax reduction is aimed at attracting fresh investment and generating jobs, Finance Minister Nirmala Sitharaman on Monday said "green shoots" are already visible with several foreign as well as domestic firms showing interest to invest.  

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  Modi govt likely to bring ordinance to cut tax rates for individuals

  India | September 24, 2019 21:38 IST

  Tax bonanza for individuals could be on cards as the Modi government is planning to slash existing tax rates for individual taxpayers in an effort to boost demand. The news comes after task force on direct taxes recommended revising income tax slabs.

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  'Corporate tax cut makes India an investment destination'

  Business | September 22, 2019 20:04 IST

  India has become a highly competitive investment destination post corporate tax reduction as the rates are now lower than that in China and most Southeast Asian countries, Finance Minister Nirmala Sitharaman said on Sunday.

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  Corporate tax cut carries fiscal slippage risks: Experts

  Business | September 21, 2019 23:50 IST

  The corporate tax cuts will have limited impact on growth and inflation, though the move will expose the economy to fiscal slippage risks, according to experts.

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  Corporate tax cut positive but growth faces headwinds: Moody's

  Business | September 21, 2019 14:15 IST

  On Friday, the Centre announced a reduction in the base corporation tax rate to 22 per cent from 30 per cent as part of stimulus measures to revive slowing economic growth.

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  Investors become richer by nearly Rs 7 lakh cr in a day on tax booster

  Business | September 20, 2019 19:18 IST

  Investor wealth on Friday zoomed a whopping Rs 6.82 lakh crore in single day as equity markets rallied, with the Sensex skyrocketing 2,284 points in intra-day trade, following a slew of economy-boosting measures announced by Finance Minister Nirmala Sitharaman.

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  Show Me The Money: Sensex zooms 1,921 points after FM's tax booster

  Business | September 20, 2019 18:08 IST

  Domestic equity benchmark BSE Sensex vaulted 1,921 points on Friday, fuelled by a slew of economy-boosting measures announced by Finance Minister Nirmala Sitharaman. Logging its biggest intra-day spike in over a decade, the 30-share index soared 2,284.55 points to a peak of 38,378.02, before settling 1,921.15 points or 5.32 per cent higher at 38,014.62.

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  Highlights of announcements on corporate tax and fiscal measures

  Business | September 20, 2019 13:01 IST

  The Finance Minister Nirmala Sitharaman had addressed a press conference in Panaji, Goa. The Finance Minister and several State Finance Ministers have gathered in Panaji to take part in the Goods and Services Tax Council Meet.

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  Govt slashes corporate tax to 25.17 per cent for domestic companies

  Business | September 20, 2019 11:27 IST

  Making the announcement, Finance Minister Nirmala Sitharaman said the new tax rate will be applicable from the current fiscal which began on April 1.

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  Need to simplify tax system, lower corporate tax: CBDT Member

  Business | September 19, 2019 21:39 IST

  Giving a brief idea for the first time about the new Direct Tax Code (DTC), the Central Board of Direct Taxes (CBDT) member and also Convenor of the Task Force Akhilesh Ranjan on Thursday said the draft law focuses on improving litigation system and easing compliance among others.

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  Corporate tax to be cut gradually: Sitharaman

  Business | August 20, 2019 0:08 IST

  In her maiden Budget in July, she had cut corporate tax for companies with annual turnover of up to Rs 400 crore to 25 per cent from 30 per cent. Last year, the then Finance Minister Arun Jaitley had cut the corporate income tax rate to 25 per cent for companies with a turnover of up to Rs 250 crore. 

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  Bring down corporate tax, simplify taxation, revive infra investment: Industry to FM

  Business | June 11, 2019 20:44 IST

  India Inc Tuesday made a case for reduction in corporate tax rate, abolition of minimum alternate tax, halving dividend distribution tax to 10 per cent and increase in outlay for infrastructure sector in the upcoming Budget with a view to arrest economic slowdown.

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  Direct tax mop up soars 18% to Rs 6.56 lakh crore during April-December

  Business | January 09, 2018 18:26 IST

  As much as Rs 3.18 lakh crore has been received as advance tax up to December, 2017-18, reflecting a growth of 12.7 per cent over the year ago period.

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  Modi govt working on simpler rules to increase direct tax revenue, draft bill likely next year

  Business | October 10, 2017 12:54 IST

  The Narendra Modi-led government wants an overhaul of archaic tax rules to ensure that tax compliance is easy and dispute redressal, quicker.

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  Corporate tax cut possible only after increase in personal income tax base: Hasmukh Adhia

  February 04, 2017 15:55 IST

  Two years after announcing plans to reduce corporate tax rate to 25 per cent, the government today said any such reduction can come after the spread of personal income tax is increased and more people