UKIBC welcomes corporate tax cut for foreign companies from 40 PC to 35 pc

New Delhi [India], July 24 (ANI): The UK India Business Council (UKIBC) has extended its congratulations to Finance Minister Nirmala Sitharaman and the Government of India on the presentation of India's Union Budget 2024-25.

In a statement, UKIBC welcomed the government's proposal to reduce the corporate tax rate for foreign companies from 40 per cent to 35 per cent, signalling a step towards greater parity and encouragin