Welcome Home Fellow Indians

“As one more Indian fiscal year ended, it was yet again time to think of the various tax and fiscal developments in our country. On the airplane returning from an overseas trip in the first week of the new fiscal year, the familiar and comforting voice of the lady pilot announced the landing in Mumbai.

India’s Budget 2016- Transforming India

Mr. Arun Jaitley, India’s Finance Minister (FM), while presenting the Budget for 2016–17 has outlined nine distinct pillars as part of the “Transform India” agenda. Fiscal deficit and tax reforms have been identified as two of these distinct pillars. As far as fiscal discipline is concerned, the FM has indicated his resolve to maintain fiscal … More India’s Budget 2016- Transforming India

Budget 2014-15: 10 Commandments On Tax Policy For FM

The PM has started in all earnestness with his set of 10 commandments for his Council of ministers and bureaucrats for fulfilling his election pledge of good and effective governance. I have ventured to suggest 10 commandments on Tax Policy which the FM may consider to usher in the much needed clarity in legislation as … More Budget 2014-15: 10 Commandments On Tax Policy For FM

TARC report: Taxman needs to change old mindset

The much awaited report of the Tax Administration Reforms Commission (TARC) has been released. Parthasarathi Shome, who chairs the TARC, and his team have done a commendable job in their in-depth coverage of all the relevant issues and in holding a mirror in front of the tax administration with a constructive objective of recommending concrete … More TARC report: Taxman needs to change old mindset