Govt cuts corporate tax rate for domestic investors

the government has cut the corporate tax from nearly 35 to about 25 per cent for domestic investors.   Addressing Media ahead of 37th GST council meeting in Goa, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said the new domestic manufacturing companies will have to pay 15 per cent tax.   The Minister said a new provision has been ed in the Income-tax Act with effect from Financial Year 2019-20, which allows any domestic company an option to pay income-tax at the rate of 22...