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What India Inc. Saved After Opting For Lower Tax Rates
How corporate tax rate cuts impacted India Inc...
20 Nov 2019, 03:11 PM IST
More than half of the companies in the benchmark Nifty 50 Index have switched to lower tax rates, saving nearly Rs 4,323 crore in the six months ended September.Finance Minister Nirmala Sitharaman on Sept. 20 announced a cut in the headline corporate tax rate from 30 to 22 percent to shore up the economy battling its worst slowdown in six years. While analysts said actual benefits through private investments will show up in a few yea...
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