https://www.taxtmi.com/news?id=23135 Corporate tax reform lowered statutory rates for existing and new domestic companies, introduced a concessional tax option for newly incorporated manufacturers that forgo other exemptions, and reduced the Minimum Alternate Tax for companies availing incentives. The amendments exempted specified capital gains and qualifying announced buy backs from an enhanced surcharge, expanded allowable CSR expenditures to include incubators and public research institutions, and were paired with structural measures supporting MSME financing, investment liberalisation and infrastructure policies to promote growth and employment. en-us Mon, 14 Sep 2020 18:13:50 +0530 Mon, 14 Sep 2020 18:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23135 Corporate tax reform lowered statutory rates for existing and new domestic companies, introduced a concessional tax option for newly incorporated manufacturers that forgo other exemptions, and reduced the Minimum Alternate Tax for companies availing incentives. The amendments exempted specified capital gains and qualifying announced buy backs from an enhanced surcharge, expanded allowable CSR expenditures to include incubators and public research institutions, and were paired with structural measures supporting MSME financing, investment liberalisation and infrastructure policies to promote growth and employment. News - Mon, 14 Sep 2020 18:13:50 +0530 https://www.taxtmi.com/news?id=23135