Index finds economic growth below par in the fourth quarter, while the government is expected to cut income tax rates for the rich and move towards a flat tax system as part of the tax reforms announced by Finance Minister Arun Jaitley on Saturday

Index finds economic growth below par in the fourth quarter, while the government is expected to cut income tax rates for the rich and move towards a flat tax system as part of the tax reforms announced by Finance Minister Arun Jaitley on Saturday.

The BJP-led government has promised that in the 2017-18 fiscal, there will be a reduction in the corporate income tax rates ogospelhitzn income over Rs 1 crore, to 25 per cent on Rs 500 and Rs 1 lakh and a reduction in income tax rate on income above Rs 2 crore to 14 per cent. However,gospelhitz some reports have indicated that it could be possible for the corporate income tax rate to reach 50-per-cent.

The government has also stated it is ready to introduce a GST-easing measure through the Income Tax administration Act 2017. This measure could apply to goods 카지노 사이트and services made up of things such as food, beverages and health products.

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