{"id":292935,"date":"2019-09-21T05:33:21","date_gmt":"2019-09-21T05:33:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=292935"},"modified":"2019-09-21T05:33:21","modified_gmt":"2019-09-21T05:33:21","slug":"aviation-sector-to-get-a-boost-from-governments-tax-rate-cut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aviation-sector-to-get-a-boost-from-governments-tax-rate-cut\/","title":{"rendered":"Aviation sector to get a boost from government&#8217;s tax rate cut"},"content":{"rendered":"<p>New Delhi: The domestic aviation sector, struggling with tepid growth, will get a shot in the arm from the finance minister&#8217;s announcement to reduce corporate tax, aviation sector experts told Mint.<\/p>\n<p>The government\u2019s decision is expected to boost overall consumption, drive growth in a slowing economy, which in turn could translate into higher corporate spending on travel.<\/p>\n<p>Finance Minister Nirmala Sitharaman on Friday announced a cut corporate tax rate for domestic companies that do not avail of any tax incentive to 22%. Effective corporate tax rate after surcharge will be 25.17%. New manufacturing companies will have to pay an even lower corporate tax rate of 15%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The domestic aviation sector, struggling with tepid growth, will get a shot in the arm from the finance minister&#8217;s announcement to reduce corporate tax, aviation sector experts told Mint. The government\u2019s decision is expected to boost overall consumption, drive growth in a slowing economy, which in turn could translate into higher corporate spending on travel. Finance Minister Nirmala Sitharaman on Friday announced a cut corporate tax rate for domestic companies that do not avail of any tax incentive to 22%. Effective corporate tax rate after surcharge will be 25.17%. New manufacturing companies will have to pay an even [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-292935","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=292935"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292935\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=292935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=292935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=292935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}