Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 1089)
1089.
As per the recent report, What is the new income tax rate of the new domestic manufacturing companies?
Answer: Option
Explanation:
The Union Finance Minister Nirmala Sitharaman announced that in order to attract more investment in manufacturing, a new provision has been inserted in the Income Tax Act that will allow any new domestic company incorporated on or after October 1, 2019 making fresh investment in manufacturing to pay income tax at a rate of 15 percent.
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