Finance Minister Nirmala Sitharaman presented her fourth budget in the Parliament. During this, she gave a big relief to the corporates.
Finance Minister Nirmala Sitharaman reduced the corporate tax from 18 per cent to 15 per cent. During this, it has also been said to provide relief to the handicapped.
Apart from this, the Finance Minister limited the surcharge on LTCG to 15 percent.
On the Finance Minister’s decision, Harry Parikh, Associate Partner, M&A Tax and Regulatory Services, BDO India, said that capping the rate of surcharge on all long-term capital assets to 15 per cent is clearly a booster for asset transfers. Clearly, this move will reduce the gap between taxation and listed space for alternative investments.