With a view to improve business sentiments and boost the economy, the Finance Minister has announced certain tax measures recently, including, among others, a reduction in corporate tax rates. The key features of these measures include reduction in corporate tax rate to 22% (from 25% / 30%) for existing companies and an even lower tax rate of 15% for new manufacturing companies in India.
For the ease of BKR members, K C Mehta have prepared an Update Memo which is available Here
For more details contact: Stuti Trivedi – Senior Manager│International Tax
308, Aaryan Workspaces, St. Xavier’s College Corner, Umashankar Joshi Marg, Navrangpura, Ahmedabad, Gujarat, INDIA – 380 009
Board: +91 79 4032 6400 │ Handheld: +91 99982 40000