Finance Minister Nirmala Sitharaman today in a press conference announced that she has proposed to slash the corporate tax rates for domestic companies and for new domestic manufacturing companies.Relief to listed companies which have already made a public announcement of buy-back before 5th July 2019. There will be no tax on buy-back of shares in case of such companies. The effective tax rate for these companies shall be 25.17 % inclusive of all surcharge and cess. #nirmalasitharaman #sensex #corporatetax
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