Stocks to watch: In times of tax gain, these 72 firms grew Q2 PAT on top line expansion
This was one of the better earnings seasons anytime in last 3-4 years, says Vivek Mavani.
Slowdown in auto sector cyclical; government taking steps to support the sector
Minister of Heavy Industries and Public Enterprises Prakash J...
People from many industries are coming to us and saying they are out of distress: Nirmala Sitharaman
Commenting on her decision to slash corp...
Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties
While the ministry holds pre-budget consultations with representatives of different sectors and stakeholders, the Department of Revenue in the finance ministry perhaps for the first time put out circular seeking suggestions for changes in income tax rates for both individuals and corporates as well as in indirect taxes such as excise and customs duty.
IMF wants Indian government to be more credible, transparent on fiscal numbers
India should be more transparent on fiscal numbers as it is a laggard among G20 peers on this front, said IMF.
Mid, smallcap-focused PMSes played catch up with largecap peers in Oct amid tax cut-fuelled rally
Just one out of every 10 PMSes could deliver over 5 per cent return for the month.
MNC Digital companies may face a minimum level of tax
Multinational technology and digital companies may have to cough up a minimum level of corporate tax. The OECD seeks to use financial accounts as a starting point for determining the tax base and provide guidance to MNCs.
Midcaps will outperform largecaps over 2-3 years: Kashyap Pujara, Axis Capital
It is going to be a U-shaped recovery for the midcaps, said Kashyap Pujara.
Fitch raises India's FY20 fiscal deficit forecast to 3.6% of GDP
Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY2019/20 Union Budget due to weak GST and corporate tax collections. Weak revenue collections resulting from sluggish economic growth and government's sweeping corporate tax rate cut were the other reasons, it said.
Corporate tax cut can’t revive near-term consumer sentiment: Sanjay Mookim, BofML
The India equity strategist is positive on financials, industrials, cement companies among sectors.
View: India needs taxes high enough for revenue growth, low enough for investments
Higher taxes will drive rich people out, lower taxes will reduce revenue, making it almost impossible to fix.
Revenue concerns for the government make immediate tax cuts tough
More sops will mean raising tax on super-rich or cutting welfare spend, both of which are not feasible.
What will be the impact of corporate tax cut on companies & sectors?
After the tax cut announced by the Finance Minister, the effective tax rate for all domestic companies has been reduced to 25.17%.
Companies strategise to avail MAT credit, benefit from lower corporate tax
Some of the largest cos that have thousands of crores lying on their balance sheets in the form of unused MAT credit are looking to go for setting up new companies.
View: Sorry Abhijit Banerjee, high taxes and freebies don’t create egalitarian utopia
The cut in corporate tax is an attempt to find a way forward, but will work only with supplementary reforms.
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