Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Market Commentary

| More

India cuts corporate tax, FM announces slew of measures to resurrect economy

Posted On: 2019-09-20 11:11:48

The Union Finance Minister Smt. Nirmala Sitharaman has announced several measures to resurrect the economy.

The FM has proposed to slash the corporate tax rate for domestic firms to 25.75% (effective tax rate). There will be no minimum alternate tax on local companies. An ordinance has also been passed to amend Income Tax Act and Finance Act.

She also proposed that, new locally formed companies / firms on or after October 1, 2019 and starts manufacturing before March 31, 2023 making fresh investment into manufacturing option to pay income tax at 15% (effective tax rate will be 17.01%). The new manufacturing companies shall be required to pay Minimum Alternate Tax (MAT) as well. These companies cannot seek any other exemptions.

FM has also announced the proposal to scrap enhanced surcharge on capital gains from sale of any securities including derivatives from Foreign Portfolio Investors (FPIs).

In a reprieve to companies, the FM also proposed that there will be no tax on share buybacks announced by companies before July 5, 2019.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

12010 - 11930 becomes a sacrosanct support zone: Angel Broking

Suman Chowdhury, President - Ratings at Acuité Ratings and Research on Q2 FY20 GDP

FIIs 'Long Short Ratio' surged to 61%: Angel Broking

Daily market commentary - 29th November 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Daily market commentary - 28th November 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Index at new highs, stocks witnesses buying interest: Angel Broking

Market Wrap - Mr. Santosh Meena, Senior Analyst, TradingBells

Index is all set for new highs: Angel Broking

Index eyeing record highs now, Pharma seems to be the flavor now: Angel Broking

12000 or beyond not too far now: Angel Broking

Index consolidating but 'Pharma' continues to buzz: Angel Broking

No signs of trend reversal, avoid taking any contra bets: Angel Broking

Daily market commentary - November 1, 2019 - BONANZA PORTFOLIO LTD

Indecision continues but no worry as banking on the cusp of a breakout: Angel Broking

Some indecision or a profit booking, still no reason to worry for: Angel Broking

March towards 12k continues, PSU stocks are on a roll: Angel Broking

Daily market commentary - 30th October 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Kharif crop shortfall despite good monsoon to push up near term food inflation

Head start for the new SAMVAT, 12000 on cards now: Angel Broking

Technical & Derivatives Report - October 29, 2019: Angel Broking

Daily market commentary - October 18, 2019 - BONANZA PORTFOLIO LTD

Markets will be closed on October 21, 2019 for Maharashtra State Assembly Elections

Daily market commentary - October 17, 2019 - BONANZA PORTFOLIO LTD

Global uncertainty easing off one after another, bodes well for the bulls: Angel Broking

Technical & Derivatives Report 17th September 2019: Angel Broking

Daily market commentary - October 16, 2019 - BONANZA PORTFOLIO LTD

Daily market commentary - 15th October 2019 - BONANZA PORTFOLIO

Daily market commentary - October 14, 2019 - BONANZA PORTFOLIO LTD

Stay light to avoid wild swings in the market, 11400 to watch out for: Angel Broking

Index defends key support, remain optimist for near term: Angel Broking

Daily market commentary - 11th October 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Daily market commentary - 10th October 2019 - Bonanza Portfolio

Near term outlook positive till Nifty holds support of 11100: Angel Broking

Index resumes positive momentum from its support: Angel Broking

Nifty up 1.7% - Mr Jaipal Shetty, Fundamental Analyst, BONANZA Portfolio Ltd

Daily Market Commentary - 07th October 2019 Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Key highlights and out take on the monetary policy: Angel Broking

Market commentary - 04th October 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Quote from Mr. Amit Gupta, Co-Founder and CEO TradingBells

Quote on RBI policy from Mr. Mustafa Nadeem, CEO, Epic Research

Views on RBI Policy - Avnish Jain Head - Fixed Income Canara Robeco Asset Management Company

RBI MPC - Karan Mehrishi, Lead Economist at Acuité Ratings and Research

Technical & Derivatives Report 4th October 2019: Angel Broking

Technical & Derivatives Report 3rd October 2019: Angel Broking

Technical & Derivatives Report 30th September 2019: Angel Broking

Rollover Report for September-October 2019: Angel Broking

Index resumes momentum after some consolidation: Angel Broking

Fiscal deficit may still be limited to 3.5-3.6% - Acuité Ratings & Research

Technical & Derivatives Report 25th September 2019: Angel Broking

Rupee breaches 72 mark amid economic slowdown: Angel Broking







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019