"Will Boost Make In India": Nirmala Sitharaman On Corporate Tax Cut

"Will Boost Make In India": Nirmala Sitharaman On Corporate Tax Cut
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The government today reduced the income tax rate for companies by almost 10 percentage points to 25.17 per cent and offered a lower rate of 17.01 per cent for new manufacturing firms to boost economic growth from a six-year low. Finance Minister Nirmala Sitharaman said the reduction in tax rates has been done through an ordinance to an amendment to the Income Tax Act.

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