Corporate and Professional Updates on 6th July 2019
Direct Tax Updates: Direct tax revenue has grown 78 percent i.e 11.37 lakh Crores from 2014 to 2019. Propose to enhance surcharge on taxable income of Rs. 2 to 5 cr and Above 5 Crore* effective tax rate will increase by around 3% and 7%, respectively Corporate Tax- Tax Rate of 25% on Companies with …