Tag Archives: corporate tax

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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Maldives No Longer Tax Haven for Indians?

The Union Cabinet, chaired by Prime Minister Narendra Modi has approved the signing and ratification of an Agreement for the exchange of information between India and Maldives with respect to taxes, which will stimulate effective exchange of information between the two countries which will help curb tax evasion and tax avoidance. This follows close on the heels of External Affairs ...

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