Corporate Tax

Explained: How G20-backed corporate minimum tax would work

The goal is, countries would legislate a minimum rate of at least 15 percent for very big companies with annual revenues over 750 million euros ($864 million) to render using tax haven redundant

Explained: How deal struck between 136 countries will stem corporate use of tax havens

The agreement, signed by the countries after talks overseen by the Organization for Economic Cooperation and Development, will update the international taxation rules to cope with changes brought by digitalisation and globalisation

G7 strikes 'historic' agreement on global corporate tax to make multinationals liable in country of operants

Momentum has grown behind the US-led plans to limit the ability of multinationals such as tech giants to game the tax system to boost profits, especially at a time when economies around the world are reeling from the impact of the coronavirus outbreak

I-T refunds worth Rs 4,250 cr issued in a week; to be credited in 5-7 days in taxpayer bank account: CBDT

The Income Tax department has issued over 10.2 lakh refunds worth Rs 4,250 crore within a week, the Central Board of Direct Taxes (CBDT) said on Wednesday

Coronavirus Outbreak: How a prolonged shutdown will affect India’s salaried class, jobs, farm production, manufacturing

The government sector has been one of the drivers of the economy but will have to change track this year.

HUL to set up manufacturing subsidiary, move aimed at helping MNC lower corporate tax rate

FMCG major HUL on Monday announced its plans to set up a new subsidiary, which would be primarily engaged in manufacturing activities

Income Tax Department notifies forms for firms to avail lower corporate tax rates announced in September last year

The income tax (I-T) department has notified forms for companies to avail the reduced corporate tax rates that were announced in September last year

Govt moves towards simplifying tax regime; LIC IPO will benefit retail investors: Nirmala Sitharaman

The finance minister said that taxpayers' charter is based on the idea that taxation regime should be on the foundation of trust among citizens.

Nirmala Sitharaman exhorts industry to shun hesitation, partner with govt to push growth; says willing to take more steps

alking about the measures taken to help the industry, the minister listed some of them like corporate tax rate cut and removal of Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT).

Budget 2020: Govt stares at tax shortfall of Rs 2 lakh cr on faltering economy; room for personal income tax relief limited

The exchequer was shaved off Rs 1.45 lakh crore as the government slashed corporate tax rates up to 10 percentage points, the biggest reduction in 28 years.