• NEWZOFDAY
  • Politics
  • Science
  • Tech
    • All
    • Mobile and Gadgets
    • Reviews
    • Tech Events
    • Updates
    A quarter of youth suffer from smartphone addiction

    A quarter of youth suffer from smartphone addiction

    maruti suzuki 800

    The name “Maruti” was synonymous with the Maruti 800.

    Social media, TV and computers, increasing stress among teenagers

    Social media, TV and computers, increasing stress among teenagers

    Agni-3 missile tested for the first time at night

    Agni-3 ballistic missile tested for the first time at night

    Jammu and Kashmir terrorists resume use of satellite phones, security forces alert

    Jammu and Kashmir terrorists resume use of satellite phone

    ISRO Launches 13 Nano Satellite Space in US with Cartosat-3

    ISRO Launches 13 Nano Satellite Space in US with Cartosat-3

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
    • Updates
    • Mobile and Gadgets
    • Tech Events
    • Reviews
  • Entertainment
    • All
    • Actor
    • Actress
    • B-Town News
    • Celeb
    • Fashion & Lifestyle
    • Fresh Talent
    • Gaming
    • Gossips
    • Interview
    • Model
    • Movie
    • Music
    • Sports
    • Trailers
    Sonakshi Sinha made her debut in Bob Leewood from the movie "Dabangg"

    Sonakshi debuted in Bob Leewood from the movie “Dabangg”

    Petition in Delhi High Court regarding Tanaji

    Petition filed in Delhi High Court regarding Tanaji film

    Sushmita Sen going back to Bollywood after 10 years

    Sushmita Sen going back to Bollywood after 10 years

    Deepika Padukone's look will rock in "Chhapak"

    ActressDeepika Padukone’s look will rock in “Chhapak”

    Urvashi Rautela is dating cricketer Rishabh Pant

    Actress Urvashi Rautela is dating cricketer Rishabh Pant

    Students should brighten the name of the country by becoming skilled like Eklavya: Tribal Welfare Minister Mr. Markam

    Students brighten the name of the country like Eklavya

    La Liga made Rohit Sharma the brand ambassador

    La Liga made Rohit Sharma the brand ambassador

    India-West Indies teams reach Chennai for first ODI

    India-West Indies teams reach Chennai for first ODI

    Dar made a record

    Pakistan umpire Aleem Dar made a record in the first test

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    Sushmita Sen going back to Bollywood after 10 years

    Sushmita Sen going back to Bollywood after 10 years

    Laughing at themselves

    Often psychologists who laugh at themselves remain in health

    Urvashi Rautela is dating cricketer Rishabh Pant

    Actress Urvashi Rautela is dating cricketer Rishabh Pant

    Weather changes, rain and hail fell

    Madhya Pradesh: It may rain for the next three days

    Snow changed in Shimla, Kullu and Manali, snow covered 6 districts

    Snow changed in Shimla, Kullu and Manali, snow covered 6 districts

    "Munna tiger for national ekavya game competition" fence ready in Van Vihar

    “Munna tiger for national ekavya game competition”

    Free treatment will be started again under 'Ayushman' schem

    Free treatment will be started again under ‘Ayushman’ schem

    Brush 3 times a day, to avoid heart disease

    Brush at least 3 times a day, to avoid heart disease

    Injury photo of Eli Avram getting viral

    Injury photo of actor Eli Avram getting viral in Bollywood

    Indian boxer Vijender Singh jokes about onion

    Olympic medalist Indian boxer Vijender Singh jokes about onion

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Business
  • World
  • NEWZOFDAY
  • Politics
  • Science
  • Tech
    • All
    • Mobile and Gadgets
    • Reviews
    • Tech Events
    • Updates
    A quarter of youth suffer from smartphone addiction

    A quarter of youth suffer from smartphone addiction

    maruti suzuki 800

    The name “Maruti” was synonymous with the Maruti 800.

    Social media, TV and computers, increasing stress among teenagers

    Social media, TV and computers, increasing stress among teenagers

    Agni-3 missile tested for the first time at night

    Agni-3 ballistic missile tested for the first time at night

    Jammu and Kashmir terrorists resume use of satellite phones, security forces alert

    Jammu and Kashmir terrorists resume use of satellite phone

    ISRO Launches 13 Nano Satellite Space in US with Cartosat-3

    ISRO Launches 13 Nano Satellite Space in US with Cartosat-3

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
    • Updates
    • Mobile and Gadgets
    • Tech Events
    • Reviews
  • Entertainment
    • All
    • Actor
    • Actress
    • B-Town News
    • Celeb
    • Fashion & Lifestyle
    • Fresh Talent
    • Gaming
    • Gossips
    • Interview
    • Model
    • Movie
    • Music
    • Sports
    • Trailers
    Sonakshi Sinha made her debut in Bob Leewood from the movie "Dabangg"

    Sonakshi debuted in Bob Leewood from the movie “Dabangg”

    Petition in Delhi High Court regarding Tanaji

    Petition filed in Delhi High Court regarding Tanaji film

    Sushmita Sen going back to Bollywood after 10 years

    Sushmita Sen going back to Bollywood after 10 years

    Deepika Padukone's look will rock in "Chhapak"

    ActressDeepika Padukone’s look will rock in “Chhapak”

    Urvashi Rautela is dating cricketer Rishabh Pant

    Actress Urvashi Rautela is dating cricketer Rishabh Pant

    Students should brighten the name of the country by becoming skilled like Eklavya: Tribal Welfare Minister Mr. Markam

    Students brighten the name of the country like Eklavya

    La Liga made Rohit Sharma the brand ambassador

    La Liga made Rohit Sharma the brand ambassador

    India-West Indies teams reach Chennai for first ODI

    India-West Indies teams reach Chennai for first ODI

    Dar made a record

    Pakistan umpire Aleem Dar made a record in the first test

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    Sushmita Sen going back to Bollywood after 10 years

    Sushmita Sen going back to Bollywood after 10 years

    Laughing at themselves

    Often psychologists who laugh at themselves remain in health

    Urvashi Rautela is dating cricketer Rishabh Pant

    Actress Urvashi Rautela is dating cricketer Rishabh Pant

    Weather changes, rain and hail fell

    Madhya Pradesh: It may rain for the next three days

    Snow changed in Shimla, Kullu and Manali, snow covered 6 districts

    Snow changed in Shimla, Kullu and Manali, snow covered 6 districts

    "Munna tiger for national ekavya game competition" fence ready in Van Vihar

    “Munna tiger for national ekavya game competition”

    Free treatment will be started again under 'Ayushman' schem

    Free treatment will be started again under ‘Ayushman’ schem

    Brush 3 times a day, to avoid heart disease

    Brush at least 3 times a day, to avoid heart disease

    Injury photo of Eli Avram getting viral

    Injury photo of actor Eli Avram getting viral in Bollywood

    Indian boxer Vijender Singh jokes about onion

    Olympic medalist Indian boxer Vijender Singh jokes about onion

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Business
  • World
No Result
View All Result
https://newzofday.com
No Result
View All Result
Home Business

Sensex rises 1600 points, income tax will be 22 percent due to tax exemption in domestic companies

by Publisher
September 22, 2019
in Business, economics, International, National, World
0
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

There has been a huge surge in Indian stock markets with the announcement of exemption in corporate tax on domestic companies by Finance Minister Nirmala Sitharaman. During the trading, the Sensex rose 1601 points to 37,695.74 and the Nifty climbed 363.75 points to 11,068.55. To promote growth, the finance minister has reduced the corporate tax rate to 22 per cent for new domestic companies, unless corporate have taken any incentive or exemption. The stock market has blossomed with the announcement of the finance minister. The market is as bright as Diwali and almost all major sectors are seeing a boom. To increase growth and investment, changes in income tax act will be applicable from the current financial year i.e. 2019-20. The income tax on domestic companies will be 22 percent without any exemption and the effective rate will be 25.17 percent by adding surcharge and cess. Earlier this rate was 30 percent. The Finance Minister said that with the reduction of corporate tax and other concessions, the exchequer will incur a burden of Rs 1.45 lakh crore.

exemption in corporate tax on domestic companies by Finance Minister Nirmala Sitharaman.

To give a boost to Make in India, they added a clause in the Income Tax Act. In FY 2019-20, a domestic company formed after October 1, which will invest in manufacturing, will have the option to pay income tax at the rate of 15 per cent. That is, any company formed in India on or after 1 October 2019 will be taxed at 15%. If they start production before 31 March 2023, then 15 per cent will be taxed. There will be 17.10 percent effective rate including all types of surcharge and cess. Companies that announce a buyback of shares before 5 July 2019 will not face super rich tax. To increase the flow of funds in the capital market, the Finance Minister said that the surcharge raised in the budget in July will not be effective on the sale of shares in the company and capital gains from equity fund unit sales.

Tags: corporate tazindian stock marketSensextax
Publisher

Publisher

Next Post
Djekovic denied the rift in the family

Djekovic denied the rift in the family

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Connect with us

  • privacy policy
  • Terms and Conditions
  • Contact Us

© 2019 Newzofday - Top trending News for you from all Around World newzofday.

No Result
View All Result
  • NEWZOFDAY
  • Politics
  • Science
  • Tech
    • Updates
    • Mobile and Gadgets
    • Tech Events
    • Reviews
  • Entertainment
  • Lifestyle
  • Business
  • World

© 2019 Newzofday - Top trending News for you from all Around World newzofday.