Tag Archives: concessions to foreign firms

Budget 2017 Unveils Several Other Tax Incentives

Presenting the General Budget 2017-18 in Parliament today, the Union Minister for Finance and Corporate Affairs, Mr Arun Jaitley said that the income tax for smaller companies with annual turnover upto Rs. 50 crore is reduced to 25% in order to make MSME companies migrate to company format. As per data of Assessment Year 2015-16, there are 6.94 lakh companies ...

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