India’s Union Budget 2016- a Personal Tax perspective

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

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 2016 and Indirect Taxes- compliance and exceptions

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