In the upcoming Budget 2020, expectation of tax payers and investors from the government on the personal tax front is high especially given the economic slowdown and recent cuts in corporate tax rates. Here is what financial planners wish government should do.
28 Jan 2020Unlike in the West, conditions in the country are not suitable for soak-the-rich policies to succeed
4 min read22 Oct 2019RBI expected to cut its repo rate by 25 basis points on FridayBut nearly 60% of around 50 economists said stimulus measures were unlikely to have a notable impact on economy
3 min read1 Oct 2019Last week the government announced 8 percentage point cut in corporate tax. Lower tax would mean that companies get to keep more profits with themselves for various purposes. Companies may pay higher dividend, pay off costly debt, invest in capacity or even pass on the benefits to customers by cutting prices of their products. Here, we discuss the impact on two sectors: consumer staples and banking.
24 Sep 2019Given current weak demand conditions, OEMs are expected to pass on some benefits of the tax revision to end consumersThe reduction in corporate tax will also help improve the cash flow of manufacturers
1 min read23 Sep 2019FM Nirmala Sitharaman slashed corporate tax rates across the board —lowering it to 15% for companies incorporated after 1 October — sending the markets soaring by 1650 points — the highest one-day gain
2 min read20 Sep 2019The finance ministry lowered the corporate tax rate to 22% for firms that do not avail tax incentives. New manufacturing companies will have to pay an even lower corporate tax rate of 15%Listed companies announcing share buybacks before 5 July to be exempt from buyback tax
2 min read20 Sep 2019Hindustan Unilever CMD Sanjiv Mehta Thursday pitched for reducing corporate tax rate and redressal of technical glitches and procedural matters of GST
2 min read13 Dec 2018The new direct tax code will focus of making the Income Tax Act simpler and less prone to litigation
3 min read3 Dec 2018Finance secretary Hasmukh Adhia says it is important to 'remove the unevenness' in tax collections, with the salaried class paying more tax than businessmen
1 min read6 Feb 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared