An interview with BMR partners and media specialists Nitin Atroley and Vivek Gupta
Initial findings reveal that the tax code has received an overwhelmingly positive feedback
Slow domestic growth, global ambitions will prompt deals similar to MTN, say analysts
The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months.
Business subsidies may attract tax
Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions
Budget 2016 may hold some answers to start-up cooncerns.
Clamping down on the delays in repatriating foreign exchange earnings, the Reserve Bank of India (RBI) has tightened norms for special economic zones (SEZs), asking them to realise and bring back full value of goods and services to India within a year from the date of export.
Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted.
The basics and history of India's tax policy suggests that increase in the number of taxpayers has occurred and so has compliance with a reduction of tax slabs and moderate rates of tax.
India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers.