16 January 2020, Thursday
Understanding Equity Linked Saving Schemes: ELSS is an open-ended mutual fund scheme that comes w ...
Tuesday, September 24, 2019, 8:38 AM
Many companies have stopped expansion plans and are reaching-out to tax experts after the corporate-tax for new-companies has been pegged at 15%. The reason being that instead of investing directly, if a separate entity is formed for the same-investment, there could be a tax arbitrage of about 10%. FM Nirmala Sitharaman had announced the lowest corporate-tax-rate for new-manufacturing-units that begin production before March-31, 2023.
Monday, August 26, 2019, 8:22 AM
The Indian government should move towards a simple tax structure with a single corporate tax rate of 25%, without any surcharge or cess above it, global advisory KPMG has said in a report. The report titled "India: Redefining its growth path" observed that the Minimum Alternate Tax (MAT) should be withdrawn and Dividend Distribution Tax (DDT) should be replaced by the witholding tax.
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