Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 09 APRIL 2015

Budget 2015-16 – For The Corporates

S&A Law Offices
S&A Law Offices
Contributor
S&A Law Offices

S&A Law Offices

S&A Law Offices is a full-service law firm headquartered in Delhi NCR. The firm has 300+...

View firm profile
Explore more from S&A Law Offices

The Union Budget for the financial year 2015-16, is focused on attracting investors, making India a business hub and reviving the economic growth in general.

IndiaGovernment, Public Sector
Megha Kapoor
Megha Kapoor
Author LinkedIn connections

The Union Budget for the financial year 2015-16, is focused on attracting investors, making India a business hub and reviving the economic growth in general. Apart from the above, it has definitely a lot in store for the corporate sector.

Among the positives for corporate India, here are few important changes which appear to bring predictability and some level of simplicity and transparency in the Government's thinking and proposals:

CORPORATE TAX RATE

The rate of corporate tax is proposed to be reduced from 30% to 25% over a period of four year, from next financial year onwards. This reduction will however come along with phasing out of certain exemptions and incentives which the corporate tax payers could avail till now.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

Punjab And Haryana High Court Strikes Down JAO - FAO Retrospective Amendment As Unconstitutional

The Hon’ble Punjab and Haryana High Court (HC) in Jyoti Sareen vs. UOI & Others (CWP No. 15791-2024 (O&M)) (Order) held the retrospective amendments carried out vide the Finance Act, 2026, with respect to the powers of the Jurisdictional Assessing Officer (JAO) to issue a reopening notice under section 148 (Reopening Notice) of the Income-tax Act, 1961 (IT Act), as unconstitutional, being violative of the ‘doctrine of separation of powers’ and thus violative of Article 14 of the Constitution of India.
IndiaGovernment, Public Sector
Khaitan & Co.
Khaitan & Co.
Article

Acquisition By An FOCC Of An Indian Company: Pricing Conditions For Resident And Non-resident Shareholders

A FOCC refers to an Indian entity that has received foreign investment and is ultimately owned or controlled by persons resident outside India. Although incorporated in India under the Companies Act, such entities are treated differently from domestically owned and controlled Indian companies for the purposes of foreign investment regulation and downstream investment structuring. Consequently, an FOCC, despite being an Indian incorporated entity, is subject to regulatory conditions applicable to foreign investment while undertaking investments into other Indian entities.
IndiaGovernment, Public Sector
LegaLogic
LegaLogic
Article

Understanding Forgery And Use Of A Forged Document

“Commercial disputes being given a criminal colour” is a routine issue faced by criminal courts across the country, and the Hon’ble Supreme Court of India has also quashed several criminal complaints pertaining to commercial/civil claims for that reason. It is important to note that, in such criminal complaints, the usual allegations involve offences of cheating, criminal breach of trust, forgery, and the use of forged documents.
IndiaCriminal Law
S&A Law Offices
S&A Law Offices