Business Standard

Assocham pitches for a reduction in corporation tax rates cut

The Assocham president also called for setting up development financial institutions, exempting securities held for at least three years from long term capital gains tax among other issues

Tax
Premium

Tax

Indivjal Dhasmana New Delhi
Industry body Assocham has called for reduction in corporation tax rates to 20 per cent from the current 30 per cent for large corporate and to 15 per cent from 25 per cent for micro, small and medium  enterprises in the next five years at a time when the government has not met its earlier promise of reducing the tax rate for every corporate. 

Chamber president B K Goenka said any such move will enable more and more investments to flow in the country and help manufacturing get a kick start in the economy. 

Goenka said the US is drawing huge investments

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 28 2019 | 12:17 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com