#FPI #TAX #SURCHARGE #CLARIFICATIONS #ALLIESFIN #FM

Thank you #fm for making #AlliesFin #Foundation day #memorable by announcing measures for boosting economy today only.

#AxitDShah
#vision2022
75 years of #Independence,
5 trillion #economy by 2025.

@ALLIESFIN

*INDIA FINANCE MINISTER: LOWER TAX RATES WILL WIDEN BASKET
*INDIA FINANCE MINISTER: WANT MORE INVESTMENTS IN MAKE IN INDIA, ECONOMY WILL GIVE US MORE REVENUE
*INDIA FINANCE MINISTER: TOTAL REVENUE FORGONE FROM FROM TAX CUT SEEN AT INR1.45 TLN PER YEAR
*INDIA FINANCE MINISTER: TAX ON BUYBACK OF SHARES TO NOT APPLY FOR COMPANIES THAT ANNOUNCED IT BEFORE JUL 5
*INDIA FINANCE MINISTER: TO NOT CHARGE TAX ON BUYBACK OF SHARES FOR SOME COMPANIES
*INDIA FINANCE MINISTER: ENHANCED SURCHARGE TO NOT APPLY ON FPI CAPITAL GAINS FROM SALE OF SECURITIES
*INDIA FINANCE MINISTER: ENHANCED SURCHARGE ROLLBACK TO HELP FLOWS
*INDIA FINANCE MINISTER: ENHANCED SURCHARGE TO NOT APPLY ON CAPITAL GAINS ARISING ON SALE OF EQUITY
*INDIA FINANCE MINISTER: TO NOT CHARGE TAX ON BUYBACK OF SHARES FOR SOME COMPANIES
*INDIA FINANCE MINISTER: ENHANCED SURCHARGE TO NOT APPLY ON FPI CAPITAL GAINS FROM SALE OF SECURITIES
*INDIA FINANCE MINISTER: CUT MINIMUM ALTERNATE TAX FOR COMPANIES THAT CONTINUE TO AVAIL EXEMPTIONS TO 15%
*INDIA FINANCE MINISTER: COMPANIES THAT DON'T OPT FOR NEW TAX REGIME SHALL CONTINUE TO PAY TAX AT CURRENT RATES
*INDIA FINANCE MINISTER: COMPANIES CANNOT MOVE BACK TO OLD TAX REGIME AFTER OPTING FOR NEW ONE
*INDIA FINANCE MINISTER: COMPANIES CAN MOVE TO NEW TAX REGIME AFTER TAX HOLIDAYS, EXEMPTION PERIOD IS OVER
*INDIA FINANCE MINISTER: EFFECTIVE TAX RATE FOR NEW MANUFACTURING COMPANIES WILL BE 17.01%
*INDIA FINANCE MINISTER: NEW DOMESTIC MANUFACTURING COMPANIES THAT PAY TAX AT 15% CANNOT SEEK ANY EXEMPTIONS
*INDIA FINANCE MINISTER: DOMESTIC MANUFACTURING COMPANY INCORPORATED ON OR AFTER OCT 1 TO PAY TAX OF 15%
*INDIA FINANCE MINISTER: COMPANIES CAN PAY INCOME TAX AT 25.17% INCLUSIVE OF ALL SURCHARGES, CESS

#FM #CORPORATE #NAYABHARAT