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Concessional Rate of Tax of 15 Percent on Dividend Received from its Foreign Subsidiary by a Company Continued for One More Year The Finance Bill 2013-14 proposes an investment allowance at the rate of 15 per cent to a manufacturing company that invests more than Rs.100 crore in plant and machinery during the period […]

Proposal: Increase in surcharge from 5% to 10% for domestic companies where total income exceeds Rs 10 crore. Impact: The effective corporate tax rate for domestic companies stands increased from 32.45% to 33.99%. Effective minimum alternate tax rate stands revised to 20.96% from 20% earlier, resulting in higher tax outgo. P: Increase in surcharge from […]

To the editor: A recent article in Kiplinger’s Personal Finance disclosed a current trend known as reshoring, or insourcing, resulting in the repatriation of some manufacturing jobs back to the US. A survey by Michigan State University disclosed that 40 percent of US manufacturers surveyed reported a reshoring trend in their industries. Why the trend? […]