Telangana urges Centre to simplify IT slabs, reduce corp tax for biz ease

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In his speech at the pre-Budget meeting of the Union Finance Minister Nirmala Sitharaman at Jaisalmer, Rajasthan, Telangana Deputy Chief Minister Mallu Bhatti Vikramarka said streamlining IT and GST filing processes is vital as these processes currently consume weeks for mid-sized and large businesses.

Telangana on Friday urged the Centre to simplify the Income Tax slabs and reduce corporate tax rates to enhance ease of doing business.

Telangana urges simplification of tax slabs and reduction of corporate tax rates to enhance ease of doing business," Bhatti said.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Ease of business Gig workers Fiscal deficit Corporate tax rates Labour rights Digital tracking Telangana Tax reform Income Tax slabs GST filing

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 21:04:28 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24569320

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