Corporation tax

Corporation tax cut benefit unlikely for 90% manufacturing enterprises

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“If you exclude the tax on dividends, companies now enjoy some tax advantage over other forms of business entities, especially proprietorships, where many owners could be taxed at the highest rate of marginal income tax,” says Vikas Vasal, partner and leader tax, Grant Thornton India LLP.

This article appeared in Business Standard on 08th Oct, 2019.