Is Budget fineprint as impressive as the first impression? Read this
- Press Release|
- < 1 minute
- By Taxmann
- Last Updated on 23 October, 2020
Rakesh Bharagava, Director, Taxmann
“The reduction in corporate tax rates for small companies will give a boost to the startup ecosystem. It will encourage unorganized partnership firms to incorporate a Company. The benefits shall be available to SME Companies who are generating turnover of up to Rs. 50 crores. Approx. 96% of companies will get this benefit of lower taxation.”
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