Finance Minister Arun Jaitley on February 1 announced that small and medium enterprises in the country with a turnover of less than Rs 50 crore will now be taxed at a flat rate of 25 percent. The move is likely to positively impact 96 percent of businesses in India. Earlier, the SMEs were being t…
Tag: Girish Vanvari
Murthy moots easing tax environment for PE, VCs
Pitching for significant changes in norms governing venture capital (VCs) and private equity (PE) funds, a Securities and Exchange Board of India (SEBI) panel has recommended favorable tax regime and steps to bring long-term funds from domestic and foreign investors. Apart from calling for favora…