The new tax rate of 15% for companies that are incorporated from next month and set up manufacturing facilities by March 2023 has already got consultants thinking about how to optimise a company’s taxes. For instance, a new company that sets up a capacity to manufacture 100 units of a product in the stipulated time frame and adds to it by acquiring a plant or an asset will still be eligible for benefits under the new regime, but on a pro-rata basis.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/30aqKoN
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