Page 4 - Latest Updates on Corporation Tax
Advance corporation tax collection falls over 10% in Apr-Mar FY20
Total direct tax collections fell over 5 per cent, standing at Rs 9.57 trillion, till March 18 against the revised target of Rs 11.7 trillion for the current fiscal
 "Advance corporation tax collection falls over 10% in Apr-Mar FY20")
Taxmen threaten to stall work in protest if working conditions don't change
Corporation and income tax collection for the current year is likely to fall for the first time in at least two decades
 "Taxmen threaten to stall work in protest if working conditions don't change")
Facing tax and divestment shortfall, govt puts faith in Vivaad se Vishwas
The scheme is the sixth tax amnesty launched by Modi-govt; none of its predecessors has yielded anything close to Rs 9 trillion, the amount the govt hopes to mop up this time
 "Facing tax and divestment shortfall, govt puts faith in Vivaad se Vishwas")
Cut in taxes, infra spending will help revive Indian economy: Anil Agarwal
Besides spending on building infrastructure, the government should focus on exploiting natural resources the country has and look at stake sale in most PSUs, said the mining baron
 "Cut in taxes, infra spending will help revive Indian economy: Anil Agarwal")
Budget 2020 is indeed a 'bold' Budget; you cannot fault Sitharaman here
If doing away with tax exemptions is not 'bold', what is? It has annoyed savers which is as good a definition of 'bold' as you will ever get. Structural reform is like that only
Budget session LIVE updates: Congress protests against Anurag Thakur in LS
Budget 2020 Live: Finance Minister Nirmala Sitharaman today presented the annual Union Budget 2020-21 in Parliament. Follow Business Standard for LIVE updates
 "Budget session LIVE updates: Congress protests against Anurag Thakur in LS")
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'")
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")
Budget 2020: How will Sitharaman pull off Rs 2.1-trn disinvestment miracle?
The government has promised to raise Rs 120,000 crore via disinvestment, and an additional Rs 90,000 crore from sale of government equity in public-sector banks and financial institutions, in 2020-21
 "Budget 2020: How will Sitharaman pull off Rs 2.1-trn disinvestment miracle?")
Sitharaman's infrastructure push need not be a pipe-dream: Here's how
The government should be happy that they are still buying civilization by investing in infrastructure bonds instead of paying their full taxes.
 "Sitharaman's infrastructure push need not be a pipe-dream: Here's how")
After two years of relief, govt to feel corporation tax pinch in FY20
The cut in the rates for companies not availing exemptions, and new manufacturing units, will hit the exchequer by Rs 1.45 trillion by the government's own admission
 "After two years of relief, govt to feel corporation tax pinch in FY20")
Nestle's turnaround: Steps taken after Maggi crisis seem to be paying off
Shedding the tag of being a slow mover, in the past three years Nestle has followed an aggressive launch strategy
 "Nestle's turnaround: Steps taken after Maggi crisis seem to be paying off")
Budget 2020: CII seeks announcement of corporate tax rate merger to 15%
According to the industry body, the desired impact of the reduction in corporate taxes on the ground is still far from satisfactory.
 "Budget 2020: CII seeks announcement of corporate tax rate merger to 15%")
Corporate earnings may worsen in Q3, but profits could get tax-cut boost
Banks, OMCs are expected to bring most of the incremental growth
 "Corporate earnings may worsen in Q3, but profits could get tax-cut boost")
No need for further corporation tax cuts, says Abhijit Banerjee
I think you have to get the demand side going... you need to get money in the hands of people who will spend it now, people who need the money, says Abhijit Banerjee
 "No need for further corporation tax cuts, says Abhijit Banerjee")
Finance Ministry ramps up efforts to meet direct tax collection targets
Field officers were asked to make efforts to identify and initiate actions against willful tax evaders or those using fake invoices or e-way Bills
 "Finance Ministry ramps up efforts to meet direct tax collection targets")
Firms opting for lower tax regime can't adjust accumulated credits on MAT
The ordinance to cut the corporation tax rate has said MAT provisions will not apply to a company which has exercised the option for a lower rate of tax
 "Firms opting for lower tax regime can't adjust accumulated credits on MAT")
Rs 75,000-crore minimum alternate tax credit dilemma grips India Inc
Fifteen heavyweight companies have accumulated MAT credit in excess of Rs 1,000 crore each
 "Rs 75,000-crore minimum alternate tax credit dilemma grips India Inc")
Year in Review: Market ends on high, thanks to tax cut, US-China trade deal
Debt-laden companies get heavily punished amid uncertainties over economic growth
 "Year in Review: Market ends on high, thanks to tax cut, US-China trade deal")
Year in Review: Pulwama to CAA stir, 10 defining events for India in 2019
Days before the year draws to a close, we look back at some of the key events in economy, politics, space and judiciary that defined 2019 for India
 "Year in Review: Pulwama to CAA stir, 10 defining events for India in 2019")
