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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« General »
 Income Tax efiling: Must-do steps to file your IT return for FY 2017-18 on time till you get Form 16
 What are the tax filing deadlines for financial year 2017-18?
 How income tax department can penalise you for under-reporting, misreporting income
 Start your tax planning right now
 Government confident of meeting fiscal deficit, tax revenue targets
 Clarification with respect to the E-way Bill System
 Here is how you can save on taxes
 Here’s all you should know about filing Income Tax Return before March 31
 Tax benefits continue to accrue even after PPF a/c is transferred to another bank
 When you may have to visit income tax department’s compliance portal
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea

pledges fairest predictable tax regime ahead of India-US dialogue in Washington
September, 15th 2015

Finance minister Arun Jaitley has promised "fairest and predictable taxation regime" while inviting US businesses to invest in the country.

Speaking at the 11th Indo-US Economic Summit organised by the Indo-American Chamber of Commerce ahead of the India-US Strategic and Commercial Dialogue (SACD) in Washington later this month, Jaitley on Monday said the government has tried to "put each one of these (taxation) issues to rest so that from the regime, which had earned an adverse reputation... we can evolve into fairest and predictable taxation regime in India".

The finance minister said India's fundamentals are sound even amidst an ongoing global turmoil and that the government is working to strengthen the real economy by focusing on quick decision making, stable policy regime, predictable taxation system and improving on ease of doing business. "The last two are work in progress," he said, adding that these initiatives ill help make India an investment destination. Earlier this month the income tax department had issued a circular asking its officials not to levy minimum alternate tax on foreign portfolio investors, an issue that had again brought India's tax administration in focus. The government had also decided not to appeal a transfer pricing case that was adjudicated in the favour of telecom major Vodafone.

Jaitley said the government has tried to resolve the legacy issue through governmental decisions, legislation or even by accepting judicial mandate. He expressed optimism that Indo-US bilateral trade would rise five times to $500 billion in the next few years — a goal set by Prime Minister Narendra Modi and US President Barack Obama — despite the world passing through a turmoil. "While the US has the financial capital and advanced technology, India has a large body of trained manpower, natural resources and a large market," Jaitley said.

Addressing the summit, US Ambassador to India Richard Verma said Modi's forthcoming visit to the US, especially to the Silicon Valley, had generated lot of interest. Modi would be the second Indian prime minister to visit California after Jawaharlal Nehru.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

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