The government is trying to send a signal it wants to stimulate the economy and the stock market.
Seeking to lift investor sentiments, the government on Monday said that it will not wait for the Budget, which is due in February, to address the issues concerning retrospective amendment to Income Tax laws.
The Tax Administration Reform Commission submitted report to Jaitley in June 2014.
One of the key concerns of foreign investors is how the general anti-avoidance rule would apply in case an investor is availing benefits under double taxation avoidance agreement.
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
'On the tax front, most of the Budget proposals are sensible'.
A brief report card on Modi's ministers.
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.