Finance Minister’s Budget announcement- phasing out plan of deductions under the Income-tax Act

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..... n of deductions under the Income-tax Act-reg. Finance Minister s Budget announcement- phasing out plan of deductions under the Income-tax Act-reg-. The Union Finance Minister Shri Arun Jaitley in his Budget Speech 2015 had indicated that the rate of Corporate Tax will be reduced from 30% to 25% over the next four years along with corresponding phasing-out of exemptions and deductions. This .....

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..... phasing-out of deductions are available on the website of the Income Tax Department at www.incometaxindia.gov.in . Comments on this proposal may be sent within 15 days to Director (TPL-III) on mail at [email protected] or by post at Director (TPL III), Central Board of Direct Taxes, Room No. 147G, North Block, New Delhi- 110001. (Shefali Shah) Pr. Commissioner of Income Tax (OSD) .....

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