Expect loan, deposit rates to go down, despite RBI pause – Shailesh Kumar

In just two months, the wan smile on India Inc. has turned into a frown. The Taxation Laws (Amendment) Bill, 2019, introduced in the Lok Sabha, says the lower MAT rate will be applicable only from FY21. Only the corporate tax rate cut is applicable from this financial year. For companies, this can increase the tax outgo for FY20 over and above what they had estimated in their half-yearly financials.

· Shailesh Kumar, Director shares his views on a story titled Expect loan, deposit rates to go down, despite RBI pause for Livemint.