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 »
 Common mistakes to avoid while filing your Income Tax Returns
 Income Tax Return filing season is here – Check top tricks to save money
 What is Income Tax Clearance Certificate? For whom is it a must?
 Don’t forget to mention these small things while filing income tax returns
 Wondering about your eligibility to file Income Tax Return?Read on
 Income Tax Return filing: How to link Aadhaar number with PAN card?
 India notifies rules for income tax computation for foreign firms
 How to save income tax by rejigging your salary
 How to fill tax exempt income and bank details section in ITR1
 Interest income from an NRO account is fully taxable in India
 Income tax payers filing appeals before ITAT will have to provide information relating to the amount locked up in dispute

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