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HomeTag: Manufacturing

Manufacturing

Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharaman
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Corp Tax Rates Slashed to 22% for Domestic Cos; 15% for New Domestic Manufacturing Cos

The Government has brought in the Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance (No. 2) Act 2019. This was announced by the Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharaman during a Press Conference in Goa today. The salient features of these amendments

  • September 20, 2019
  • 116
Manish Sharma, President and CEO, Panasonic India and South Asia
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Budget Outlines Government’s Resolve on Boosting Manufacturing,” Manish Sharma – Panasonic India

The Union Budget 2019-20 is aimed at strengthening the fundamentals. From a consumer electronics industry perspective, Government of India’s move to increase basic customs duty (BCD) on indoor and outdoor unit of split system air conditioners from 10% to 20% and CCTV cameras and IP cameras from 15% to 20% is a positive step forward.

  • July 5, 2019
  • 59
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