Cabinet clears bill to replace ordinance on tax reduction

NEW DELHI: The Union Cabinet on Wednesday approved a bill to replace an ordinance promulgated to reduce corporate tax to 22 per cent to boost the economy.

After the Cabinet meeting here, Finance Minister Nirmala Sitharaman said decision has been taken to bring the bill to replace the ordinance.

The bill is likely to be introduced in Parliament during the ongoing Winter Session, sources said. (AGENCIES)

 

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