 "What is Corporate tax and Corporate tax rate?")
Corporate Tax
What is Corporate tax and Corporate tax rate?
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Latest Updates on Corporate Tax
Biden's climate change legislation gets a big push from fellow Democrats
Climate control is part of the legislation more popularly known as Build Back Better agenda -- an ambitious plan to comprehensively rewrite the US's health, education, climate and tax laws.
 "Biden's climate change legislation gets a big push from fellow Democrats")
A tale of two taxes
The trajectories of corporate and minimum alternate tax do not reveal tax policy rationale
 "A tale of two taxes")
Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%
Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.
 "Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%")
Q4 corporate earnings disappoint amid lockdown, point to worse quarters
Combined revenues of 410 firms declined 6%, while profit before tax fell 35%
 "Q4 corporate earnings disappoint amid lockdown, point to worse quarters")
I-T department issues refunds worth Rs 26,000 cr to around 1.7 mn taxpayers
Expediting refunds of up to Rs 5 lakh was announced as part of the government's policy initiative to tackle the economic impact of Covid.
 "I-T department issues refunds worth Rs 26,000 cr to around 1.7 mn taxpayers")
Tax tweaks can spur economic revival
These are extremely challenging times, and collective efforts by the government and industry would be required to bring the economy back on track
 "Tax tweaks can spur economic revival")
Slash dividend & prioritise shoring up balance sheet
Only after business has stabilised and there is visibility ahead should companies look at paying their shareholders
 "Slash dividend & prioritise shoring up balance sheet")
CBDT notifies 10-IC, 10-ID forms for firms to avail lower corporate taxes
Form 10-IC will have to be filed by the companies that wish to avail the beneficial rate of 22 per cent upon relinquishment of the exemptions/incentives offered under the Income Tax Act.
 "CBDT notifies 10-IC, 10-ID forms for firms to avail lower corporate taxes")
Budget 2020: Exemption on corporate tax to power NTPC, renewables
The renewable energy sector is elated that the benefit will come to them, given no future pipeline of any thermal power projects
 "Budget 2020: Exemption on corporate tax to power NTPC, renewables")
Union Budget 2020: Corporate tax growth of 12% for FY21 'unrealistic'
India Inc tax collections to fall 8% in FY20
 "Union Budget 2020: Corporate tax growth of 12% for FY21 'unrealistic'")
Full marks for technocratic budget that lets us embrace ease of living
India's corporate tax structure is now globally competitive! Rates of 25 and 15 per cent are completely acceptable to international investors
 "Full marks for technocratic budget that lets us embrace ease of living")
Global corporate tax system must be overhauled, says Apple CEO Tim Cook
Cook said Apple's belief that "law should not retrofitted" was at the heart of the case and that the company had great faith in the justice system.
 "Global corporate tax system must be overhauled, says Apple CEO Tim Cook")
FM Sitharaman to set realistic nominal GDP target at 9.5-10%: Report
"This year, there will be a realistic assessment of the nominal GDP," said a source.
 "FM Sitharaman to set realistic nominal GDP target at 9.5-10%: Report")
Relief to non-telecom firms on AGR dues can only come from SC: Report
The Telecom Department is current 'examining' the replies given by the state-owned non-telecom corporations on the Adjusted Gross Revenue (AGR) dues, a senior official said
 "Relief to non-telecom firms on AGR dues can only come from SC: Report")
Fully cooperated and provided all documents: Dishman on I-T search
Firm says probe was unanticipated as no prior tax demand notice was received, doesn't foresee adverse outcome; reinstates guidance of 8-10% revenue growth
 "Fully cooperated and provided all documents: Dishman on I-T search")
Top 10 biz headlines: Advance corporation tax mop-up, GST council, and more
From Unilever cutting sales to rise in financial frauds, here are the top 10 business headlines for the day
 "Top 10 biz headlines: Advance corporation tax mop-up, GST council, and more")
Advance corporation tax mop-up drops over 5% in Dec quarter to Rs 73,000 cr
Net collection grows only 0.7% to Rs 6.75 trillion
 "Advance corporation tax mop-up drops over 5% in Dec quarter to Rs 73,000 cr")
Budget 2020: IT firms want 15% corporate tax for services companies in SEZs
The sunset clause for SEZ nearing - March 31, 2020 - and the IT industry has been a big beneficiary of the policy
 "Budget 2020: IT firms want 15% corporate tax for services companies in SEZs")
Budget 2020: Venture Capitals, startups seek budgetary aid in meet with FM
The Nasscom has also sought that IT and BPO firms should not be treated as financial intermediaries for the goods and services tax (GST).
 "Budget 2020: Venture Capitals, startups seek budgetary aid in meet with FM")
Despite unavailability of MAT credit, 60% of firms opt for lower tax regime
In absolute terms, around 300,000 companies are now at the 22% rate, against the earlier 25-30% earlier
 "Despite unavailability of MAT credit, 60% of firms opt for lower tax regime")
