AS discussions around potential cuts in the US corporate tax rate gain momentum post-Donald Trump's presidential victory, India may find itself at a critical juncture, needing to reassess its own corporate tax framework to remain competitive in attracting foreign investment.
However, experts are of the view that the dynamics of tax rates are complex and influenced by various factors beyond mere comparison with US rates.
The government announced a significant cut to the corporate tax rate for domestic companies from 30% to 22% in 2019, and for new manufacturing companies, the rate was set at 15%.
Despite these reductions, India's corporate tax rates remain relatively high compared to some ASEAN and OECD economies.
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A FOREST OF ENCHANTMENT
Multifaceted Delhi artist Kavita Chopra Dikshit's upcoming solo art show is a tribute to the life-giving forests of her Jharkhand small-town inhabited by the Santhal tribe
Silk, style and celebration
The three stunning new collections embrace vibrant threadwork, striking box pallus, and culturally rich bhuttas
Roots & Reverie
Grammy nominees Ricky Kej and Varijashree Venugopal open up about the creative journeys behind their celebrated works—from Kej’s exploration of mental wellness in Break of Dawn to Venugopal’s featured performance alongside Jacob Collier and Anoushka Shankar—reflecting on the passion, purpose, and global recognition that fuel their music
Mumbai women step up to defend T20 title
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ACT: Deepika spot on as India win
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Starlink will receive service licence if it meets govt's conditions
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Identify sites to set up nuclear power projects
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