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01/08/2020
SEBI
Circular Date: 31.07.2020
Applicable : For all listed companies filings/ submissions made from July 01, 2020
20/09/2019
Reforms for corporate sector some important points
INDIA FIN MIN: CORPORATE TAX RATE SLASHED TO 25.75 % EFFECTIVE TAX RATE ||
*NO MINIMUM ALTERNATE TAX ( MAT ) ON LOCAL COMPANIES*
INDIA FIN MIN: *NEW LOCALLY INCORPORATED FIRM*
ON OR AFTER OCTOBER 1 MAKING FRESH INVESTMENT INTO MANUFACTURING OPTION TO PAY INCOME TAX AT 15%
[: INDIA FIN MIN: NEW MANUFACTURING COMPANIES SHALL NOT BE REQUIRED TO PAY MAT
( Minimum Alternative Tax )
*INDIA FIN MIN: EFFECTIVE TAX RATE FOR NEW MANUFACTURING COMPANIES WILL BE 17.01% including all Cess and surcharge*
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