The HinduNov 19, 2021Union Budget 2019-20: Corporate Tax: Big firms unhappy, MSME cheersNot a growth oriented budget: Adi GodrejTop companies of India Inc. are not happy with Union Budget 2019 as Finance Minister Nirmala Sitharaman on Friday did not reduce tax rates for them but cheered the struggling Micro, Small and Medium Enterprises (MSME) sector by extending the lower rate of 25 % Corporate Tax to all companies with annual turnover up to Rs. 400 crore.Currently, this rate is only applicable to companies having annual turnover up to Rs. 250 crore.Read more at The Hindu
Not a growth oriented budget: Adi GodrejTop companies of India Inc. are not happy with Union Budget 2019 as Finance Minister Nirmala Sitharaman on Friday did not reduce tax rates for them but cheered the struggling Micro, Small and Medium Enterprises (MSME) sector by extending the lower rate of 25 % Corporate Tax to all companies with annual turnover up to Rs. 400 crore.Currently, this rate is only applicable to companies having annual turnover up to Rs. 250 crore.Read more at The Hindu
