Vidarbha Taxpayers Association (VTA) welcomes the announcement by the Finance Minister. This was much needed during such times of Global slowdown and this clearly establishes that the government is concerned about the situation, thus such changes in the tax rate for companies will regenerate domestic growth.
The cut in the corporate tax rate would mean more income for corporate. With such privileges to the companies’ sector, kind consideration is also required for the trading community.
It is highly recommended that the tax targets are reduced, taking into consideration the market position so that tax coercion is reduced accordingly.
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