Page 6 - Latest Updates on Corporation Tax
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")
Two in three cos may shift to new corporation tax rates immediately: Crisil
Half of those shifting may use tax savings for ongoing capex to strengthen balance sheet
 "Two in three cos may shift to new corporation tax rates immediately: Crisil")
Corporation tax cut benefit unlikely for 90% manufacturing enterprises
The gap is even wider with new manufacturing companies, which will be taxed at 17.2%
 "Corporation tax cut benefit unlikely for 90% manufacturing enterprises")
Stock mkt more polarised after tax cut; 91% of gains cornered by 13 firms
RIL, HDFC Bank account for 32.4% of total BSE 500 m-cap gains since the cut in tax; 91% of gains cornered by 13 firms
 "Stock mkt more polarised after tax cut; 91% of gains cornered by 13 firms")
Restoring high growth
Look beyond large corporations and release the growth potential of farmers and small entrepreneurs
 "Restoring high growth")
Consumer sentiment to remain subdued; banks may re-rate: Vinay Paharia
While previous concerns such as domestic as well as global economic slowdown continue to remain, valuations have become attractive due to the improvement in the underlying fair value.
 "Consumer sentiment to remain subdued; banks may re-rate: Vinay Paharia")
Tech view: Time to be bullish on consumption stks ahead of festive season?
With festival season round-the-corner, companies are hoping for a pick-up in the overall consumption, which along with the cut in corporation tax, would aid earnings growth over the next few quarters
 "Tech view: Time to be bullish on consumption stks ahead of festive season?")
Corporate tax cut can improve India Inc dividend by 40%: ICICI Securities
ONGC, BPCL, Coal India, Hero Motocorp, NMDC, Power Grid and Infosys are the top picks for the brokerage in the high-dividend space
 "Corporate tax cut can improve India Inc dividend by 40%: ICICI Securities")
ICICI Bank m-cap nears Rs 3 trillion-mark; stock hits record high
In the past one-week, the stock of ICICI Bank has outpaced the market by surging 18 per cent after the government announced reduction in the corporation tax rates.
 "ICICI Bank m-cap nears Rs 3 trillion-mark; stock hits record high")
How corporation tax cut has made rupee carry trade more lucrative
Going long on the rupee with borrowed dollars offered the best returns in the past month in Asia
 "How corporation tax cut has made rupee carry trade more lucrative")
Homebuyers unlikely to gain from reduction in corporation tax rates
Property developers are unlikely to pass on any benefit to homebuyers in the form of price cuts
 "Homebuyers unlikely to gain from reduction in corporation tax rates")
Govt measures don't address slowing consumption demand, says Matt Wacher
Wacher says the investment manager is underweight on India
 "Govt measures don't address slowing consumption demand, says Matt Wacher")
From HDFC Bank to ITC: Shopping list of brokerages post corporation tax cut
While they acknowledge a possible rise in the fiscal deficit as a result of this measure, they do suggest investors who with a long-term investment horizon use the opportunity to buy
 "From HDFC Bank to ITC: Shopping list of brokerages post corporation tax cut")
Can India end the exemption raj in personal income tax system as well?
In the process, the corporation tax system would also become more transparent, with reduced scope for litigation and discretion
Corporation tax cut: Toyota plans to bring key global suppliers to India
Toyota may set up a separate entity for electric, hybrid vehicles
 "Corporation tax cut: Toyota plans to bring key global suppliers to India")
Significant upside hinges on demand revival in cement industry: Analysts
Cut in corporation tax provides respite, say analysts
 "Significant upside hinges on demand revival in cement industry: Analysts")
Govt's decision to cut corporation tax likely to impact power bill
The source of power, renewable or non-renewable, and the nature of the market, regulated or merchant, will be a factor in deciding whether the cost would go down
 "Govt's decision to cut corporation tax likely to impact power bill")
Corporation tax cut: Bond yields may harden, rupee likely to remain stable
The liquidity framework is expected to make rate management conditioned on the prevailing liquidity in the system
 "Corporation tax cut: Bond yields may harden, rupee likely to remain stable")
Corporation tax rate cut to simplify tax administration, reduce litigation
The corporation tax rate has been reduced from the existing 30-25 per cent to 22 per cent all the domestic companies
 "Corporation tax rate cut to simplify tax administration, reduce litigation")
Consumption needs to revive
The cut in corporation tax rate could potentially boost margins of companies
 "Consumption needs to revive")