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Budget 2019: 25% tax for companies with turnover of up to Rs 400 cr

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FM Nirmala Sitharaman in Lok Sabha: Currently, the lower rate of 25% is applicable to firms with annual turnover of Rs 250 crore. I propose to widen this to all companies with annual turnover of up to Rs 400 crore. This will cover 99.3% of all companies.

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