Govt working on roadmap to eliminate corporate tax exemptions in 45 days: Revenue Secy

New Delhi, July 1 (KNN) Government is currently working on a road map to eliminate all tax exemptions and incentives for corporates which will be unveiled in the next 45 days, Revenue Secretary Shaktikanta Das said.


"With regard to corporate tax reduction, the Finance Minister in the last Budget has spelt out that it will be reduced from 30 percent to 25 percent over the next four years and it will be accompanied by elimination of exemptions and incentives," he said at an event organised by IVCA here.

"We are now currently working on the removal, elimination of exemptions and incentives and sometime in the next 45 days or so, we will be spelling out the road map for removal of exemptions and incentives," he said.


It will be put up in the public domain so that the Ministry gets the inputs from stakeholders to firm up the proposals, Das said.

"Work on that front is very much on board," he added. (KNN Bureau)