Saturday, February 28, 2015

Union Budget 2015-16: Corporate tax to be cut by 5 per cent in 4 years; no change for individuals

Finance Minister Arun Jaitley today announced a 5 per cent reduction in corporate tax over next four years, abolished wealth tax and replaced it with an additional 2 per cent surcharge on super-rich individuals, while increasing service tax that will result in higher cost of variety of services. Sponcer page

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