Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: VAT RATES :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: TDS :: VAT Audit :: ACCOUNTING STANDARDS :: empanelment :: form 3cd :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Indirect Tax »
 How it affects long-term capital gains tax calculations
 Should you opt for 'consultant' status to lower tax outgo?
 Income Tax department to issue ‘non-statutory’ letters in case of no reply
 E-commerce majors seek removal of tax at source on sellers
 New direct tax regime would benefit state
 Indirect tax collections increase by 16.9 per cent in January
 Tax officers to file self-appraisal report on e-assessment
 How are you saving tax this season? 10 funds saved tax & delivered 30% returns too
 Increase in taxpayer base will help bring down tax rate, says Arun Jaitley
 There is inconsistency in filing income tax, says CBDT Chairman
 Data analytics to help income tax dept catch evaders

Committed to non-aggressive tax regime: FM
January, 17th 2015

Finance minister Arun Jaitley on Friday indicated he will initiate further steps to check a flight of investment from the country as he pitched India as "great choice" for investors, domestic and overseas.

In his address at the Airtel and The Economic Times Global Business Summit, Jaitley reiterated government's commitment to a non-aggressive tax regime and assured a hall packed with the country's top CEOs and globally-renowned economists that the government had no intention to use retrospective taxation powers.

"I've been saying unfair and aggressive taxes momentarily will give a false belief that my taxation kitty is going to be very large... None of the controversial cases based on this ultra-aggressive approach have brought a single rupee of revenue. It's only got Indian economy a bad name," the FM said. He acknowledged that despite steps by government, some concerns persist.

READ ALSO: PM Modi vows rapid change, unveils reforms agenda

"We thought a lot of Indian companies stationing their executives and professionals in Singapore, essentially for the more favourable tax climate there, should shift base to India. It hasn't happened in a big way... A group of them (entrepreneurs) met me and mentioned that we've not done enough to shift them back to India. They've given detailed differences, particularly taxation-related, which their businesses enjoy. The issue is under serious examination," he said after Infosys founder NR Narayana Murthy flagged it.

Jaitely said despite criticism over ordinances, government will push ahead with critical reforms. "We're committed to this cause that India needs effective decisions and an effective and clear implementation roadmap," he said.

As it happened: ET Global Business Summit

The minister said persuasion hadn't worked with opposition parties so far and indicated that government won't shy away from looking at other constitutional means to press on with legislative business, in what's seen as reference to a joint session of Parliament. He dismissed criticism of the coal and mining ordinances. The idea, he said, was to shiftfrom the obsolete first-come firstserved system to a transparent allocation process.

Jaitely said the RBI's decision to cut key policy rates will boost demand. "This'll leave somewhat more money in consumers' hands. Hopefully, it'll increase spending, make loans cheaper and consumer items,... will see faster growth."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions