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In order to make ,MSME companies more viable, income tax for smaller companies with annual turnover upto ₹ 50 Crore is reduced to 25%

Budget - Dated:- 1-2-2017 - Press Information Bureau Government of India Ministry of Finance 01-February-2017 14:27 IST Government allows carry forward of minimum alternate tax (mat) upto a period of 15 years instead of 10 years To give boost to bank .....

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rs Shri Arun Jaitley said that the income tax for smaller companies with annual turnover upto ₹ 50 crore is reduced to 25% in order to make MSME companies more viable and also to encourage firms to migrate to company format. As per data of Asse .....

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tive as compared to large companies. The revenue forgone estimate for this measure is expected to be ₹ 7,200 crore per annum. The Union Finance and Corporate Affairs Minister Shri Arun Jaitley said it is not practical to remove or reduce MAT at .....

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gh the plan for phasing-out of exemptions will kick in from 1.4.2017, the full benefit of revenue out of phase-out will be available to the Government only after 7 to 10 years when all those who are already availing exemptions at present complete the .....

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ings or in bonds and Government securities. This concession is available till 30.6.2017. The Finance Minister proposed to extend it to 30.6.2020. This benefit is also extended to Rupee Denominated (Masala) Bonds. The Government gave income tax exempt .....

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e original promoter/promoters continues. Also the profit linked deduction available to the start-ups for 3 years out of 5 years is being changed to 3 years out of 7 years. In order to give a boost to banking sector, Shri Arun Jaitely proposed to incr .....

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