The listed companies would have to prepare the quarterly financial results for the quarter ended 30 September very soon, and hence the decision have to be taken by them as to the income tax rates they opt for.
The Central Board of Income taxes, vide Circular No. 29/2019 dated 2nd October 2019 have issued clarification on the usability of the Minimum Alternate Taxes (MAT), subsequent to the issue of the Taxation Laws (Amendment) Ordinance, 2019.
As a bold step to revive the current Indian economy, the Finance Minister announced various amendments in the form of reduced tax rate and incentives in the Income tax act.
"Buy One Get Two Free" or "Get a Bag free on purchasing items worth Rs 5,000/-" or "Get Additional 10% discount on annual purchases exceeding Rs 2,50,000/-" - Goods and Service Tax (GST) Impact Analysis
SAT order - quashing the SEBI order debarring PW from auditing listed companies: Auditor's duty is verification and not detection