Note
: This webinar is only applicable if you use the Indian edition of Zoho Subscriptions.
Last week, new amendments were made to the Indian Income Tax Act, 1961 and Finance Act, 2019. These amendments were made with the intention to boost investor sentiment, push for the 'Make in India' initiative, and reduce the tax burden for Indian corporates.
Here are some of the changes made in the amendments:
- Tax rates slashed to 15% for manufacturing companies that were incorporated after 1 October 2019.
- Companies that do not avail tax incentives will be charged at 25.17%, inclusive of cess and surcharges.
- Listed companies that announced a share buyback before 5 July 2019, will be exempted from buyback tax.
You can learn more about these amendments and their impact on your business with a free webinar by our tax expert, CA Chintan Patel--a veteran in accounting, taxation and advisory. Chintan will break down the ammendments for you and help you decode their implications.