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Corp tax to be cut by 5 pc in 4 yrs; no change for individuals
Highlights
Corp Tax To Be Cut By 5 pc In 4 yrs; No Change For Individuals. Finance Minister Arun Jaitley today announced a 5 per cent reduction in corporate tax over next four years.
New Delhi: Finance Minister Arun Jaitley today announced a 5 per cent reduction in corporate tax over next four years, abolished wealth tax and replaced it with an additional 2 per cent surcharge on super-rich individuals, while increasing service tax that will result in higher cost of variety of services.
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