Excerpt from the Coverage- “Reduction in the corporate tax rate to 25% for domestic companies with turnover less than 250 crores is a very welcome step, “however the industry was expecting the same for Limited liability partnership firms as well, which has been ignored. By creating a differential in the tax rates, the government seems to be discouraging small businesses who prefer LLP’s over companies for less compliances and no dividend tax.” Read more…..
Kapil has been featured in Business Standard on February 2nd, 2018