Mercom Insider

India’s Move to Cut Corporate Tax from 30% to 22% Likely to Boost Domestic Solar Companies

This major change in taxation comes after months of economic slowdown in the country

September 23, 2019

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The finance ministry of India has passed an ordinance bill to give the Indian economy a fiscal stimulus of $20.4 billion by way of reducing corporate tax rates from 30% to 22% for domestic companies.

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