‘3rd Budget’ in 7 months— and the biggest ...Middle East

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‘3rd Budget’ in 7 months— and the biggest
The govt on Friday announced a Rs 1.45 lakh crore fiscal stimulus that includes slashing corporate tax to 22% from 29.5% for companies that do not seek exemptions, cutting down MAT & lowering tax to 15% for manufacturing start-ups. The govt has opted to promulgate an ordinance to usher in amendments to the Income Tax Act & Finance Act, in what many billed as a “mini Budget.”​

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