Union Budget 2018; More misses than hits for India Inc?
The tax rate was lowered to 25 per cent for those domestic firms whose turnover was up to Rs 250 crore for FY17. With this move, almost the entire MSME sector will enjoy a lower corporate tax rate.
Updated: February 3, 2018 12:00 am
There were no significant tax changes to incentivise capital investment or manufacturing, and various sectors like infra, pharma, power and telecom did not witness any positive changes. (Express Photo/Tashi Tobgyal)