New Delhi: Bringing some cheer to the industry, Finance Minister Pranab Mukherjee on Monday lowered the surcharge tax limit on corporate tax to 5 per cent from 7.5 per cent even while marginally raising the Minimum Alternate Tax. The government retained the corporate tax at 30 per cent, to be paid by domestic firms earning total income of over Rs 1 crore a year. It increased the Minimum Alternate Tax...
01:24 PM, Feb 28, 2011
The scheme of service tax refund for exporters was first introduced in September 2007. ...11:41 AM, Jul 22, 2009
Stock Brokers were disappointed over absence of relief on corporate tax. ...04:01 PM, Jul 06, 2009
FM has ruled out any reduction in corporate tax rates. He said if the industry wants a cut in taxes, exemptions will have to go. ...03:09 PM, Mar 05, 2007
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