Budget 2016-17: Will there be a Cut in Corporate Tax?

Shweta Purohit (Associate Editor) (138 Points)

24 February 2016  

So, this is the Budget Month. Mr. Arun Jaitley is going to unveil the Budget for the fiscal year 2016-17. There is a buzz in the market regarding expectations. The industry is expecting a positive effect and a boom. The retail sector, infrastructure, real estate, foreign investments are hoping for growth and investments. The economy has caught speed and it is growing.

The crash in the stock market of China has not made a tremendous effect on India's economy. It is gaining pace and providing opportunities. However, the value of Rupee is gaining heights. 1 Dollar is expected to be equivalent to 73 rupees that is not a good thing.

The corporate world is expecting a cut in Corporate Tax by 1 per cent in this fiscal year 2016-17. What will be there in the budget for the corporate world? Stay updated with me. Check here.