Post-budget 2018 Reaction Mr. Diwakar Nigam , MD and Chairman, Newgen Software

Reduction of corporate tax rate to 25% for companies with reported revenues of upto Rs 250 crores is a step in the right direction. However, we do hope that reduction in corporate tax rate across the board would be adopted soon. 10% Tax on LTCG On listed equity shares and equity oriented mutual funds can have negative impact on the market. Impetus to technologies like artificial intelligence, machine learning etc. will offer greater transparency and scalability to businesses and usher in a digital economy in a phased manner. Doubling the funds allocated to Digital India initiative will boost India’s growth into a digital innovation hub. News Service

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