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US corporate sector hails India's move to slash income tax rate for companies


Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act.

Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act.

Washington: The US corporate sector has lauded the Indian government for substantially slashing the income tax rate to 25.17 per cent, saying the move will reverse the economic slowdown and allow global companies a "good option" for growing their manufacturing base in the country.

The government on Friday slashed the income ...


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