Page 5 - Latest Updates on Corporation Tax
Simplify I-T structure
That's the way to go for improving tax base, compliance
 "Simplify I-T structure")
Bankers will be allowed to work without any fear, assures PM Modi
PM Modi said low-income groups must never feel the absence of government
 "Bankers will be allowed to work without any fear, assures PM Modi")
Amid slowing economy, corporation tax mop-up contracts 1% in Apr-Nov
The collection numbers are expected to worsen further once the impact of the corporation tax rate cuts becomes visible in the third advance tax collection instalment due on December 15
 "Amid slowing economy, corporation tax mop-up contracts 1% in Apr-Nov")
Govt's move to reduce corporation tax has had a 'positive impact': FM
Sitharaman said many countries in South East Asia had reduced their corporate tax to attract investment and cited examples of Thailand, Vietnam and Singapore.
 "Govt's move to reduce corporation tax has had a 'positive impact': FM")
Taxation Law (Amendment) Bill introduced in LS to cut corporation tax rate
The bill seeks to provide for a unified financial regulator for IFSCs
 "Taxation Law (Amendment) Bill introduced in LS to cut corporation tax rate")
Cabinet okays Bill to replace ordinance on corporation tax rate cut
The tax rate has been reduced to 15 per cent for new domestic manufacturing companies incorporated after October 1
 "Cabinet okays Bill to replace ordinance on corporation tax rate cut")
Brokerages turn cautious on markets amid slowing growth, rich valuation
Since the cut in corporation tax, the S&P BSE Sensex and Nifty 50 have gained 12 per cent and 11 per cent
 "Brokerages turn cautious on markets amid slowing growth, rich valuation")
Come clean on fisc
Govt must not conceal how slowdown is impacting revenue
 "Come clean on fisc")
Indraprastha Gas Q2 net more than doubles on lower tax rate, higher sales
IGL sells Compressed Natural Gas (CNG) to automobiles and Piped Natural Gas (PNG) to household kitchens and industries
 "Indraprastha Gas Q2 net more than doubles on lower tax rate, higher sales")
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")
PM says will further improve tax regime to attract overseas investment
Attracting new investment is key to creating jobs and boosting growth in the economy, which slowed to a six-year low growth rate of 5 per cent in the quarter ended June
 "PM says will further improve tax regime to attract overseas investment")
Market performance in Samvat 2075 was unsatisfactory: Motilal Oswal
Markets are likely to remain range-bound in the near term till economic recovery is visible, says Motilal Oswal
 "Market performance in Samvat 2075 was unsatisfactory: Motilal Oswal")
Corporate tax cut a consolation for benchmarks in volatile year
Sensex gained 12% while Nifty ended up 10% despite challenges such as the trade war andtrade war and economic slowdown
 "Corporate tax cut a consolation for benchmarks in volatile year")
Slowdown blues: Direct tax mop-up growth slumps to 3.5% till mid-October
A combination of factors is responsible. This includes a deepening of the general economic slowdown and corporation tax cuts
 "Slowdown blues: Direct tax mop-up growth slumps to 3.5% till mid-October")
Corporates 2.0: Profit with a purpose
The corporation is more than just about sustainable production. It is about companies taking into account the social order in which they operate
 "Corporates 2.0: Profit with a purpose")
Excellent meeting with Nobel Laureate Abhijit Banerjee, says PM Modi
Esther Duflo not present at the meeting
 "Excellent meeting with Nobel Laureate Abhijit Banerjee, says PM Modi")
Standout performance: Corporation tax cuts spur gains for domestic markets
On September 20, Finance Minister Nirmala Sitharaman announced a reduction in the country's effective corporation tax rate from around 35% to 25%
 "Standout performance: Corporation tax cuts spur gains for domestic markets")
Corporation tax rate cut to help Nalco tide over sagging alumina prices
The sobering of global alumina prices and stablisation in supplies have made it very difficult for Nalco to sustain the high profit momentum of last fiscal
 "Corporation tax rate cut to help Nalco tide over sagging alumina prices")
Re-measure deferred tax assets, liabilities for tax rate changes: EY India
MAT credit is recognised as a deferred tax asset
 "Re-measure deferred tax assets, liabilities for tax rate changes: EY India")
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")
