The govt is estimating a hit of around Rs 1 lakh crore due to a reduction in corporation tax, against Rs 1.45 lakh crore calculated when the move was announced in September. Official said this estimate was based on an analysis of advance tax payments and will provide much-needed cushion to the Centre. The tax collections expected to be lower than the budget estimate.
from Times of India https://ift.tt/36xz54S
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