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Sunset clauses News

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Corporate Tax
20 Nov 2015
CBDT proposes roadmap for elimination of tax exemption
Preparing the ground for gradual reduction of corporate tax to 25 percent from 30 percent.
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sunset clauses
20 Nov 2015
Govt may not extend sunset clauses for tax exemption
It has invited comments on the proposal withing 15 days.
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Tax
10 Sep 2015
Corporate tax exemptions with sunset clauses may not be renewed
In order to phase out exemptions and move to lower corporate tax rate, the CBDT is considering not to renew tax exemptions after expiry of sunset clause.






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