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Reduced tax @15% to boost power segment

Power segment is struggling with several issues which are impeding growth and development of power sector. To boost power generation capacity, government has extended the new corporate tax regime for new manufacturing plants to new power generation companies. As per new tax regime new power generation companies will have to pay just 15 per cent tax under the new corporate tax regime.

The move will help is setting up of new power generation companies to meet the growing energy needs of India.