A FAKE news is being spread reg reduction of Corporate Tax in the Budget.
The correct position is that AMT for co-op societies is being reduced to 15% from 18.5% to bring parity bet co-op societies & companies. Refer tweet below
Fake news is being spread about reduction of Corporate tax in the Budget.
FactCheck
▶️ Government has proposed to reduce the Alternate Minimum Tax rate for co-operative societies to 15% from the current 18.5%.
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