CBDT notifies forms for firms to avail lower corporate taxes

The income tax (I-T) department has notified forms for companies to avail the reduced corporate tax rates that were announced in September last year. The Central Board of Direct Taxes (CBDT) has

14 Feb 16:46 • Deccan Herald • 2027555797649202772.html

CBDT notifies forms for firms to avail lower corporate taxes

The move comes after the government had slashed corporate tax rate last year in September as a measure to boost economic activity. The base corporate tax for existing companies was brought down to 22% from the current 30% while for new manufacturing firms, the tax was reduced to 15 per cent from the current 25 per cent.

14 Feb 11:24 • The Economic Times • 7653256037785698278.html