Can reduction in Corporation taxes by the govt seen as a massive step for boosting economy amid slowdown
Finance Minister Nirmala Sitharaman has announced major tax rate cuts in Corporate taxes for Domestic companies. The Centre slashed effective corporate tax to 25.17%, inclusive of all cess and surcharges, for domestic companies. The new domestic manufacturing companies will be benefitted as the new tax rate for them is 17.1% including cess and surcharge. Do you believe if it is a major relief for Companies? & will encourage entrepreneurs in India? What’s your take? Comment below!