Tag Archives: tax incentives

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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FM Presents Pro-Corporate Budget 2015-16, Little to Cheer Aam Aadmi

India’s finance minister Arun Jaitley presented the 2015-16 budget with a pro-corporate and market-friendly budget that will reduce corporate tax by 5% over the next 4 years but for the Aam Aadmi, it gives less individually and promises more collectively. By increasing the service tax to 14% flat, he has taken away money directly from the pockets of the middle ...

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