30 points
>
Time management is very much important in IIT JAM. The eduncle test series for IIT JAM Mathematical Statistics helped me a lot in this portion. I am very thankful to the test series I bought from eduncle.
Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Economics
Please explain, trends in revenue collection from corporation tax in india
please explain, trends in revenue collection from Corporation Tax in India
1 Answer(s)
Answer Now
- 0 Likes
- 2 Comments
- 0 Shares
-
![comment-profile-img]()
>
-
![comment-profile-img]()
>
Avaneesh kumar Best Answer
Reduction in corporate tax rate - The rate of income-tax for companies with a turnover up to ` 400 crore in FY 2017-18 has been reduced to 25 per cent as against prevailing rate of 30% for others.Structural reforms undertaken in taxation during the current financial year include change in corporate tax rate and measures to ease the implementation of GST.While income tax collections from June onwards have shown signs of stabilisation, corporate tax collection for the same period shows a declining trend, according to Controller General of Accounts (CGA) data Corporate tax collection for August 2020-21 came in at Rs 10,991 crore. In July, corporate tax collected was Rs -488 crore, implying that more money was being spent on refunds than what was being collected.
Do You Want Better RANK in Your Exam?
Start Your Preparations with Eduncle’s FREE Study Material
- Updated Syllabus, Paper Pattern & Full Exam Details
- Sample Theory of Most Important Topic
- Model Test Paper with Detailed Solutions
- Last 5 Years Question Papers & Answers
Sign Up to Download FREE Study Material Worth Rs. 500/-
Avaneesh kumar
fiscal developments