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Parthasarthi Shome

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Use FDI to expand tax base: Shome

The government should look at foreign direct investment as an avenue for expanding the tax base, suggested Parthasarthi Shome, advisor in the office of the finance minister.Shome today suggested a......

Shome's priority: Tax base must be widened

With the non-interest component of expenditure going down over the last few years, the government would have to widen the tax base in order to achieve the objectives set out in the Fiscal......

Final guidelines on GAAR in 20 days

The controversial guidelines on the tax General Anti-Avoidance Rules are likely be amended in 20 days, after considering Monday's final recommendations by the Parthasarthi Shome panel on the......

No tax on construction services

Services received and consumed by an individual outside India for personal purposes will be exempt from tax.The government today announced that services like site-formation, clearance, excavation,......

Top students may get a feel of governance

In a move initiated by Prime Minister Manmohan Singh, high-calibre graduates from institutions like the Indian Institutes of Management, as well as graduates from other streams like law, may be......

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