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Thought leadership:

BDO India | A spin to the Corporate Tax Wheel

26 September 2019

Over the years, India has witnessed various interesting financial and tax reforms. In yet another leap to make the country an attractive business destination, attract investment and encourage manufacturing, the Indian Government introduced ‘The Taxation Laws (Amendment) Ordinance 2019’. In a major tax reform, the Finance Minister, Ms. Nirmala Sitharaman announced significant cuts in the corporate tax rates. The recent GST Council meeting also brought in a host of measures to boost market sentiment. These amendments are certainly expected to provide a positive impact on the Indian economy.

In this regard, our Tax Partners have summarized these reforms and present a perspective on how they may impact manufacturing and doing business in India.