General reduction in corporate income tax as is widely expected form Budget 2017: Roland Landers, AIGF.
HomeMediaIndustry NewsGeneral reduction in corporate income tax as is widely expected form Budget 2017: Roland Landers, AIGF.
General reduction in corporate income tax as is widely expected form Budget 2017: Roland Landers, AIGF.
25 January | INDIAINFOLINE.COM
AIGF has not much expectation from the budget as such since it only deals with fiscal matters and does not change other laws, expect the possibility of reducing TDS on gambling, gaming and games winning (currently 30% TDS has to be deducted on winnings over Rs 10,000).
Apart from that, a general reduction in corporate income tax as is widely expected, will be beneficial for gaming companies as well. The rollout date of GST will also be clarified in the budget, so the gaming industry has to keep an eye on that.