Tax department sends notices saying they are liable to pay MAT.
The Narendra Modi government's alacrity in promoting ease of tax administration, a critical component in the ease of doing business index, has set in motion several incremental policy and administrative reforms, says Mukesh Butani.
That "Rollback Budget" ushered in an era of rollback.
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Cabinet likely to pave way for the 'super-rich' tax today.
Fiscal consolidation is keenly awaited.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
The recommendation, if implemented, is likely to face opposition from the government's key support base among Hindu traders and businesspersons.
There are tell-tale signs of a slide in the quality of Budgets presented by the current administration, says Parthasarathi Shome.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
This means taxpayers might continue to enjoy exemption on maturity of their investments
The panel's recommendations will be aimed at making a predictable and non-adversarial tax regime in the economy.
The text of the Income tax amendment is so wide and so riddled with ambiguities that it deserves to be scrapped for those reasons alone, says N S Nigam.
Jaitley's Budget has the potential to change the face of Modi's Bharat
Finance minister tries to put house in order before reforms are unveiled in February.
The Budget sets out a comprehensive vision.
The Central Board of Direct Taxes recently notified rules under which an entity based in a 'notified jurisdictional area' will have to give an undertaking to share information in a prescribed format.
Finance Minister Arun Jaitley presented the Union Budget.
Education sector has reasosn to cheer Budget.
The government now ends its mandate with reaffirmation in the vote-on-account of the same goals, for which it claims to have a clear line of sight.
Most expect the Budget to be path-breaking.
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
The Budget has evoked mixed reactions from Silicon Valley investors.
The retrospective tax decision reversing the January 2012 Supreme Court verdict in the Vodafone case has often been cited as the reason for foreign investors losing confidence in India as an investment destination.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
"Reform is not an end in itself. Reform for me is just a way station on the long journey to the destination. The destination is the transformation of India," he said.
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
Chief Economic Advisor Arvind Subramanian's interview.
NDA government has shunned populism.
Indian economy about to take-off
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