EAC PM welcomes the measures taken by the Government to Revive Economic Sentiment
Union Minister for Finance & Corporate Affairs Smt Nirmala Sitaraman revised the corporate tax rate downward and altering the percentage and application of Minimum Alternate Tax in certain cases. She took measures to stabilize and enhance the flow of funds into the capital market and broadened the scope of CSR funding.
Key highlights:
Union Minister for Finance & Corporate Affairs Smt Nirmala Sitaraman revised the corporate tax rate downward and altering the percentage and application of Minimum Alternate Tax in certain cases. She took measures to stabilize and enhance the flow of funds into the capital market and broadened the scope of CSR funding.
Key highlights:
- EAC-PM welcomed these comprehensive measures. These are important steps which will boost investment and enhance India’s economic growth.
- Finance Minister gave an option to corporations to choose between reduced tax rates and prevailing exemptions. The Council lower tax rate of 15% for companies making fresh investments in the coming months is bound to trigger new investments which will further augment India’s GDP.
- This augmentation will counterbalance the revenue that will be foregone.
- The part of the series of measures taken by the Government to revive economic sentiment will go a long way in helping India realize its full economic potential.
