Sensex up with 1325 points after government announces corporate tax relief

20 Sep 2019 11:34 AM

Sensex up with 1325 points after government announces corporate tax relief

Updated 20 Sep 2019 11:34 AM

Nifty reclaims 11K, Sensex jumps 1,300 points after Finance Minister  Nirmala Sitharaman announced cut in corporate taxes.
The FM said the new provision has been inserted into the Income-Tax Act with effect from fiscal year 2019-20 to promote growth. It will allow any domestic company to pay income-tax at 22 per cent subject to the condition that it will not avail any other incentive or exemptions.

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