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Budget 2011 - Corporate Taxation
 
Corporate Taxation:
No change in base corporate tax rate.
Surcharge for domestic companies reduced from 7.5% to 5% and for foreign companies from 2.5% to 2%.
MAT rate increased from 18% to 18.5%.
Dividend Distribution Tax on developers of SEZ's.
Tax holiday extended for the power sector for one more tax year up to March 31, 2012.
Weighted deduction for payment to specified institutions enhanced from 175% to 200%.

CA Sanjeev Kumar
CA Ritu Sarin
 
 
     
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