In a chat withof, Managing Partner,and, National Tax Leader,, discuss the expected effect of Budget 2018 on taxes. When we talk about the corporate tax rate. At 35%, it is already too high and we talked about corporate tax rate but there is also a reduction of tax rate....: That is true that always happens everywhere in the world. As for others, we have discussed it in terms of tweaking of corporate tax rate and a possible relook at the dividend distribution tax mechanism. : I think the reduction in tax rates whether it is DDT or not, should be converted into a withholding tax, reduction in corporate tax, reduction in individual tax, reduction in tax rates even for LLPs, so that is one tax rate basket.The second thing which I wanted to talk about was the need to make any type of restructuring, tax neutral for conversion of company into LLP.

Source: Economic Times January 27, 2018 08:15 UTC