The Budget has proposed reform in tax administration, curbing black money and reporting a company’s activities. These measures should now pave the way for India to progress from Make in India to ‘Innovate in India.
In the backdrop of strong global headwinds, the finance minister has presented a budget which seeks to accelerate investments by providing a more stable and simple tax regime. On behalf of members of the Easwar committee, I would like to thank the government for accepting many of the recommendations, which will go a long way … More Reformist budget to drive growth
In the backdrop of an uncertain global economy and the need for political recalibration, the Finance Minister has presented a politically prudent budget within the contours of fiscal discipline. The Finance Minister, while presenting the Budget, expressed his desire to provide socio-economic security to every Indian especially the farmers, the poor and vulnerable. This is … More India’s Union Budget 2016- a Personal Tax perspective
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
Unveiling the Budget 2016–17, Mr. Arun Jaitley, the Finance Minister, stated that the Budget proposals were built on the agenda of “Transforming India” with “nine distinct pillars”, including tax reforms, promoting ease of doing business and ensuring fiscal discipline.
Amidst the continued uncertainty around GST there were expectations that this Union Budget may usher in changes in central excise and service tax to align toward a Central GST. The expectations were around rate increases especially in service tax, base expansion both under excise and service tax with changes in thresholds and a more efficient … More Budget 2016 and Indirect Taxes- compliance and exceptions
The Budget for 2016–17 on 29 February, is expected to set a roadmap for economic growth of India in the next three years. Some of the measures taken by the Government in the past two years such as relaxing Foreign Direct Investment (FDI) in railways, defense and insurance sector, investment in LLP and deregulation of … More Budget 2016: Key tax measures at play