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Corporate tax rates slashed to 22% for domestic companies
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The Government has brought in the Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance (No. 2) Act 2019. This was announced by the Union Minister for Finance & Corporate Affairs Nirmala Sitaraman during the Press Conference in Goa today.

The Finance Minister elaborated further, the salient features of these amendments, which are as under:-

The total revenue foregone for the reduction in corporate tax rate and other relief estimated at Rs. 1,45,000 crore.
Fri, Sep 20, 2019, 12:25 PM
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