Corporate Tax Exemption Cuts May Start With SEZ’s

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  • A phasing out of accelerated depreciation and incentives for special economic zones could be among the first of the series of corporate tax exemptions in the Budget for 2016-17.
  • This will set the ball rolling on the Centre’s plan to initiate a calibrated reduction in corporate tax rate over the next four years alongside a gradual phasing out of corporate tax exemptions.
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