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Bid to extend 15% tax relief duration -R. Suryamurthy

-The Telegraph

Lower corporate tax of 15% valid till March 2023

The government is exploring the possibility of extending the duration of the corporate tax relief to new units beyond March 2023.

Sources said the commerce ministry had taken up the issue to extend the benefits to seven years with the finance ministry.

The ministry has argued the duration should be higher as the time taken from conceptualising a project to actual production could be more than the time limit set by the government.

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