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Corporate tax cut: What these financial terms mean

Updated : 2019-09-23 06:46:46

Finance minister Nirmala Sitharaman said the government proposed to cut corporate tax rates to 22 percent for domestic companies provided they will not avail exemptions or incentives and 15 percent for new domestic manufacturing enterprises as part of a raft of measures to boost economic growth. Here's what some important words mean from FM's announcement today:

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