In a major boost for domestic companies, the finan... moreIn a major boost for domestic companies, the finance minister has slashed corporate tax rate for domestic companies to 25.17% inclusive of all cess and surcharges. The finance minister said that the move would be a major boon for Make in India as well. The changes will cost the government about ₹1,45,000 crore in revenue foregone. Sitharaman said the changes were part of the continuing efforts to respond to points made during consultations with the government.
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