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Government proposes to cut corporate taxes

Date: 21 September 2019 Tags: Banking & Financial Sector
  • Finance Minister Nirmala Sitharaman has announced big cuts in corporate tax rate, giving a ?1.45 lakh crore stimulus aimed at reviving private investment and lifting growth.
  • The government also rolled back enhanced surcharge, announced in this year's Budget, on capital gains arising on sale of equity share in a company or a unit of an equity oriented mutual fund in the hands of an individual.