Dear Members, Hope you are doing well. I think you may already be aware that Govt. has slashed effective corporate tax rate to 25.17% for domestic companies from around 34.9% earlier. Previously, the Govt. had reduced effective tax rates on companies with turnover up to Rs 400 crore to 29.12%; however, even those will now be taxed at 25.17% Seemingly, it looks like a great move and will make the Indian companies more competitive with tax rates now comparable with…

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