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CORPORATE
TAXATION
Corporate income-tax A mix of lower tax shelters & rates
The corporate income tax rate, the surcharge thereon and the rates of depreciation are inter-linked. Any reform would have to address all three elements. The international best practice is to provide for depreciation at rates that would enable ...
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Corporate tax rate for domestic firms slashed to 30 pc
THE Finance Minister, Mr P. Chidamabaram, brought cheer to corporate India by aligning the corporate income-tax rate for domestic companies to the highest marginal personal income-tax rate of 30 per cent. A surcharge of 10 per cent would, ...
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