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Economy

Why the corporate tax cuts will put pressure on FY 20 fiscal deficit

Updated : October 07, 2019 11:30 AM IST

Starting financial year 2019-20 and onwards, Indian companies will now enjoy a beneficial tax rate of 22 percent
Further, to stabilise the flow of funds into the capital markets, the Ordinance provides that the enhanced surcharge of 25 percent and 37 percent which were levied in the Union Budget would not apply to capital gains income arising to several categories of taxpayers including individuals and foreign portfolio investments (FPI) from sale of any type of security.
Why the corporate tax cuts will put pressure on FY 20 fiscal deficit

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