The government had reduced the corporate tax rate for existing and newly incorporated companies to 25 percent and 15 percent, respectively, last year, after the September 15 deadline for advance tax payment was over.
The new rule of cancellation came into force after the One Nation One Ration card scheme was implemented
In March, the government had allowed over 6 crore subscribes of EPFO to withdraw an amount not exceeding their three months basic pay and dearness allowance from their EPF account in view of the lockdown to fight the pandemic.
SP Global raises India#39;s 2020-21 economic growth forecast to a contraction of 7.7 percent, as against -9 percent projected earlier, CNBC-TV18 reported.
“Investment will not come unless and until there is viability in the system, unless and until the people who put money are assured that power they generate and sell will be paid for. That is the basic problem of sustainability we are facing,” Singh said at the 93rd annual general meeting of industry chamber FICCI.
