New Delhi, September 26, 2019: As the Central Government has announced the rate cut on corporate tax which will have the major positive impact in the infrastructure sector. So would like to share the comment of Mr. Pradeep Misra, CMD, Rudrabhishek Enterprises Limites (REPL) for your reference. REPL is the country’s one of the leading public limited integrated infrastructure consultant. Quote on Corporate Tax Rate cut By slashing down the corporate tax, the finance minister has addressed the long-standing demand of India Inc. and clearly paved the way for the revival of investment in the Indian economy.
The infrastructure industry which was until now reeling under huge tax burden will now eye foreign investments but also look forward to the domestic investors. The government’s measure will revitalize the manufacturing sector and hence the ACE industry, as well as the allied industries, will also get a major push. This will further enhance India’s reputation of a competitive market as now it stands at par with other ASEAN countries when it comes to taxation. The fourth consecutive booster shot by the government will trigger the virtuous cycle of investments, growth and higher employment. The tax implication of 15 percent for the newly incorporated local companies will not only act as a major booster for the economy but to the Make in India initiative too. The government of India has been resolute in its approach towards making India a USD 5 trillion economy by 2024.
Corporate Comm India (CCI Newswire)
