Search For "minimum alternate tax"
Ratio of corporate tax collection to GDP exceeds 3% in FY22 after 2 years
Updated : 3 years, 2 months ago IST
The net corporate tax collection was Rs 7.12 lakh crore in 2021-22 while GDP was at Rs 236.64 lakh crore at current market price. The percentage of net corporate tax to GDP is 3.01 per cent. This ratio was the highest in 2018-19, according to data of corporate tax collection for a span of fi
Read More
KPMG hopes for rationalisation of taxes, enhanced use of technology in com
Updated : 6 years, 1 month ago IST
New Delhi [India], Jan 21 (ANI): Professional services provider KPMG said on Tuesday the Union Budget 2020 may see a reduction in dividend distribution tax or bring about a change in the manner of dividend taxation in order to make it a shareholder-level tax.
Read More
Domestic corporate tax rate slashed to 22 pc, 15 pc for new manufacturing
Updated : 6 years, 5 months ago IST
Panaji (Goa) [India], Sep 20 (ANI): Bringing in tax cuts and fiscal reliefs through an ordinance, the government on Friday slashed domestic corporate tax to an effective 25.17 per cent, inclusive of all surcharges and cess, in a bid to promote growth and investments amid economic slowdown
Read More
Remove MAT on SEZs: PHD Chamber tells Centre
Updated : 7 years, 10 months ago IST
New Delhi [India], Apr. 18 (NewsVoir): PHD Chamber of Commerce and Industry on Wednesday urged the government to remove Minimum Alternate Tax (MAT) on SEZz for their further expansion and diversification as the issue of MAT on these temples of modern Indian economy has hindered their growth
Read More
Govt relaxes provisions for levying Minimum Alternate Tax
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 6 (ANI): In a bid to minimise the hardship faced by companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016, the Centre on Saturday announced a relaxation in the provisions relat
Read More
India Inc. suggests reduced MAT, increased medical reimbursement ceiling a
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 5 (ANI-NewsVoir): PHD Chamber of Commerce and Industry urged the Finance Ministry to not only bring down the corporate tax at committed ceiling of 25 percent but also sought drastic reduction in Minimum Alternate Tax (MAT), besides reiterating its demand for hike in me
Read More
Centre committed to bring efficiency, transparency, fairness in tax admini
Updated : 8 years, 5 months ago IST
New Delhi [India], September 29 (ANI): Union Minister Arun Jaitley on Friday said that Income-Tax Department of the Ministry of Finance has taken various initiatives in the last two to three years in order to bring about efficiency, transparency and fairness in tax administration.
Read More