Budget 2019: Firms with turnover of Rs 400 cr to pay lower 25 pc corporate tax
Team Udayavani, Jul 5, 2019, 1:38 PM IST
New Delhi: Finance Minister Nirmala Sitharaman on Friday proposed to raise the annual turnover limit from Rs 250 crore to Rs 400 crore for availing a lower corporate tax rate of 25 per cent.
The proposal would cover 99.3 per cent of the companies operating in the country, she said while presenting Union Budget 2019-20 in the Lok Sabha.
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