Claim: Nirmala Sitharaman has increased the Corporate Tax in the Annual Budget 2019-20.
Fact-check: Corporate Tax was not increased by Nirmala Sitharaman in the 2019-20 Budget - FACTLY
Verdict: the corporate tax was not increased in the annual budget 2019-20. the lower rate of 25% corporate tax was extended to include all companies having an annual turnover up to rs. 400 crores by the finance minister in the budget. hence the claim made in the post is misleading
Organisation: FACTLY
Author: Akhil Reddy
Date published: 2019-09-23T14:38:50