This is a welcome step to reverse the economic slowdown The US’ corporate sector has lauded the Indian government for substantially slashing the income tax rate to 25.17 per cent, saying the move will reverse the economic slowdown and will allow global companies a “good option” for growing their manufacturing base in the country. The government on Friday slashed the income tax rate for companies by almost 10 percentage points to... 

The GST Bill will be discussed in the Rajya Sabha today. NEW DELHI: Throughout years of political gridlock, the risk that the country might pass its biggest tax reform since independence appeared reassuringly remote for many businesses. Until now. Suddenly, the prospect that a new Goods and Services Tax (GST) could enter force next year has bosses panicking at the likely impact and seeking advice on how to cope. The expected passage by parliament...