Consider the following statements about the recently issued ordinance by the Government of India on Corporate Tax Cuts and related initiatives: 1. The government has slashed the corporate income tax rate from 40 percent to 30 percent for all companies, including foreign companies. 2. For companies who continue to avail exemptions/incentives, the rate of minimum alternate tax (MAT) has been reduced from 18.5 percent to 15 percent. 3. A higher surcharge, announced in the Budget in July, will now not be applicable to capital gains on sale of equity made by foreign portfolio investors (FPIs) as well as individuals and other classes of investors. Which of the above statement(s) is/are correct? - Study24x7
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Consider the following statements about the recently issued ordinance by the Government of India on Corporate Tax Cuts and related initiatives: 1. The government has slashed the corporate income tax rate from 40 percent to 30 percent for all comp...

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A

1 and 2 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

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