Union Budget 2015 benefits tech companies looking to save taxes

NewsX 2019-03-02

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Finance minister Arun Jaitley's move to cut tax rate on royalty and fees for technical services will help technology companies bring down their tax rates.

In the 2015 union budget, the minister cut the tax rate on royalty and fees for technical services from 25% to 10% saying that it will 'facilitate technology inflow to small businesses at low costs.'



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