Impact Of Budget On Corp Orates Ffinal

Team Members

Topics covered

What is a Company?

Residence status of a company

Taxable Corporate Income

Tax Collection by Corporates

Report by IDBI Gilts

Contribution

Report by Religare Research

Types of Tax

Impact of change in Corporate Tax

Rates

Note :7) A surcharge of 10% of the income tax is levied, if the taxable income exceeds Rs. 10 million. 8) Additional Education Cess @ 3% • All companies incorporated in India are deemed as domestic Indian companies for tax purposes, even if owned by foreign companies.

Impact of DDT Previous

Now

Dividend Distribution Tax

Changes in Capital Gain Tax

Changes in Excise Duty

Crisil Research Budget Report

Impact on Reduction Of Excise Duty

Central Sales Tax (CST)

Service tax

MAT

CENVAT

Fringe Benefit Tax section 115WA.

Amortisation u/s 35D

Previous

New

Changes in Scientific Research

Tax Holidays

TDS Exemption

Charitable Trusts

M&A- Capital Gains

Direct Taxes

Indirect Taxes

Overall Impact of Budget

Bibliography