Direct tax refunds of nearly Rs 1.37 lakh crore issued in FY21
NEW DELHI: The Central Board of Direct Taxes (CBDT) has issued refunds of nearly Rs 1.37 lakh crore to over 41.25 lakh taxpayers so far in the financial year 2020-21. The total refund amount includes Rs 36,028 crore of income tax refunds and over Rs 1 lakh crore as refunds on corporate tax, the Income […]
Corporate tax cut positive, but growth faces headwinds: Moody’s
NEW DELHI: Moody’s Investors Service on Saturday said the cut in corporate tax increases the Narendra Modi government’s fiscal risks while headwinds from cyclical factors such as rural stress, weak corporate sentiment and slow credit pose threats to near-term growth. On Friday, the Centre announced a reduction in the base corporate tax rate to 22 […]