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Arjun Sen

Arjun Sen

Asked on 20 September, 2019

What did Nirmala Sitharaman announce?

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Nirmala Sitharaman announced a cut in corporate taxes. The tax rate for domestic companies was fixed at 22% and for new manufacturing units it was pegged at 15%.

Trishla Malik

Trishla Malik

Asked on 20 September, 2019

From when will the new tax rates be implemented?

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The new tax rates will be implemented from this fiscal year itself.

Aarav Gupta

Aarav Gupta

Asked on 20 September, 2019

How did India Inc. react to the announcement?

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NewsBytes

India Inc. welcomed the move and said "Diwali has come early".

Sai Sengupta

Sai Sengupta

Asked on 20 September, 2019

What did Narendra Modi say on the decision?

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PM Modi said his government is committed to making India a $5 trillion economy.

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