Petronet pumps in more profit thanks to lower corporate tax rate

Petronet LNG Ltd, the country’s biggest importer of liquefied natural gas, reported a near doubling of net profit in September quarter as it derived benefit of lower corporate tax rate. Net profit in July-September at Rs 1,089 crore was 90 per cent higher than Rs 572.89 crore net profit in the same period, company CEO and managing director Prabhat Singh told reporters here. Continue Reading

Experts, analysts and business leaders react following corporate tax rate cut

20 September was yet another day of surprise for our economy when Finance Minister Nirmala Sitharaman told that the government has cut corporate tax rate for companies that do not avail of any tax incentive to 22 per cent. News Today reached out to Chennai-based chattered accountants and financial experts to hear their opinion. Continue Reading