Associated with
Varun Singh
Posted Oct 10, 2019
•
7 min read
Analysis of Taxation Laws (Amendment) Ordinance 2019
1. Background On 20th September, 2019, the Taxation Laws (Amendment) Ordinance, 2019 was introduced by the Government of India, proposing various amendments in the Income Tax Act of 1961 as well as the Finance (No. 2) Act of 2019. The amendment includes an effective tax rate of 17.16% for manufacturing companies, which is quite competitive...
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