Accepts proposition to reduce taxes for small entrepreneurs.

29 Feb 2016

1

V Vaidyanathan, chairman, Capital First Limited.

''Am happy the budget has accepted the proposition that MSMEs and small entrepreneurs could pay tax at lower rate of 29 per cent , which is a definite move towards progressive taxation in the corporate sector. This has been our long standing recommendation since many years. Further a key move is to tax new companies at 25 per cent which reiterates to move towards lower corporate tax rates of 25 per cent one day, which will make us more internationally competitive. By sticking to discipline on fiscal deficit at 3.5 per cent the government has paved the road for reduction in interest rates by the RBI hopefully very soon.''

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more