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Personal I-T base must be up before corporate tax cut: Adhia

Personal I-T base must be up before corporate tax cut: Adhia

Saturday, February 4, 2017, 4:07 PM

Two years after it announced plans to reduce corporate tax rate to 25%, the government today said any such reduction can come after the reach of personal income tax is increased and more people pay taxes. A 1% cut in corporate income tax rate from the current 30% will cost Rs 18,000-19,000 crore in revenues, Revenue Secretary Hasmukh Adhia said.
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