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Taxation Amd Act 2019 by Pearl Shah is a document available to read on EtoBox.

What is Taxation Amd Act 2019 about?

The Taxation Laws (Amendment) Bill, 2019 reduces the corporate tax rate for domestic companies to 22% and 15% for new manufacturing companies to stimulate economic growth. The bill, approved by the Rajya Sabha, also amends the Income Tax Act to promote new manufacturing start-ups with specific conditions for tax benefits. Companies meeting these criteria can benefit from a reduced effective tax rate of 17.16% starting from the financial year 2019-20.

Author

Pearl Shah

Language

EN