Siddharth Khemka of Motilal Oswal Financial Services lists companies and sectors that are set to benefit from Nirmala Sitharaman’s corporate tax cut.
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Oracle CapEx Custom Asset Expense Driver Adjustment | Oracle EPBCS CapEx Business Rule |Custom CapEx
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Siddharth Khemka of Motilal Oswal Financial Services lists companies and sectors that are set to benefit from Nirmala Sitharaman’s corporate tax cut.
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Watch Tax cut: Consumption, capex & earnings set to get a boost, says Siddharth Khemka With HD Quality
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When the corporate tax rate was reduced to 25 per cent last month, it was termed as an early Diwali for the corporate sector. Now, taxpayers are hoping the government will gift them a similar tax relief. The Akhilesh Ranjan taskforce, set up to suggest an overhaul of the Income Tax Act, has also recommended sweeping changes in the tax slabs. ET's Babar Zaidi explains the impact on your income tax. Watch now. (Text: ET Bureau)
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Rs 11 lakh crore has been allotted for capital expenditure. We have also prioritised to uplift the poor and the downtrodden.
The changes in tax rates will further minimise tax evasion. As a result, our fiscal management is going strong and steady.
- FM Smt. Nirmala Sitharaman
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₹11,11,111 crore allotted for capex
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'I have called for ministries to provide their capex plans for the next four quarters. The details are expected to come within a week', says FM Nirmala Sitharaman. 'At this stage, my intention is to make sure that government does not sit on payments which are due, govt does not sit on CAPEX (capital expenditure) which it had planned', she added.
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