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WHAT IS CORPORATE TAX AND CORPORATE TAX RATE? Corporate Tax Corporation Tax or Corporate Tax is a direct tax levied on the net income or profit of a corporate entity from their business, foreign or domestic. The rate at which the tax is imposed as per the provisions of the Income Tax Act, 1961 is known as the Corporate Tax Rate.   The Corporate Tax rate is based on a slab rate system depending on the type of corporate entity and the different revenues earned...

Tax rationalisation, liquidity enhancement top real estate sectors Budget wishlist While measures announced by the government in 2020 to kickstart the economy have been in right direction, the real estate sector is hoping for upcoming Budget to give a shot on the arm for the beleaguering sector Rukmini Rao | January 25, 2021 | Updated 15:06 IST The real estate sector contributes nearly 8 per cent to the economy Through the course of 2020, the Centre announced several measures such as moratoriu...

Updated Jan 25, 2021 | 19:38 IST The sector also hopes that the budget will introduce GST reforms by bringing back the Input Tax Credit. This will help in bringing down the cost of construction thus reducing the property prices. Tax sops to liquidity enhancement: What the real estate industry expects from Budget 2021&nbsp New Delhi: Hit hard by the Covid pandemic and the subsequent lockdowns, the nation’s real estate sector is betting big on this year’s budget for the...