While presenting the tax proposals in the Budget 2013-14, the Finance Minister set the context by stating that the underlying theme of his proposals is to bring clarity in tax laws, stability in tax regime, provide a non-adversarial tax administration and a fair dispute resolution mechanism.
Angel Broking has come out with its report on "Union Budget 2013-14 Review"
the Finance Minister has confined the fiscal deficit to 5.2 per cent in FY13 and as expected, this arithmetic achievement is in line with his topmost agenda of averting a country rating downgrade: IIFL
BUDGET 2013-14: Walking a tight rope amidst uncertain global environment and hoping for revival in growth, says Prabhudas Lilladher.
Emkay Global Financial Services has come out with its preview on Budget 2013-14.
Union Budget FY14: The Finance minister has articulated a Fiscal Deficit (FD) target of 4.8% of GDP during FY14 with a commitment to bring down the FD, Revenue Deficit and the Effective Revenue Deficit to 3.0%, 1.5% and zero, respectively by FY17, says D&B.
GEPL Capital has come out with its post Budget analysis for 2013-14. According to the research firm, budgeted expenditures for FY2014 may get exceeded due to time consumption to direct transfer to poor and GST (Goods and Services Tax) still largely remains on paper.
The Indian economy is going through challenging times with GDP growth slowing down to 5% in FY13. Industrial activity has also come down sharply and would just about show growth of 1-2% for the entire year: CARE Ratings.
Motilal Oswal has come out with its report on Union Budget 2013-14.
Maximus Securities has come out with its report on Union Budget 2013-14.
Nirmal Bang has come out with its report on Union Budget 2013-14.
Microsec has come out with its report on Union Budget 2013-14.
SPA Research has come out with its report on Union Budget 2013-14.
Sharekhan has come out with its report on Union Budget 2013-14.
The Union Budget for 2013-14 has been framed in a situation of considerable economic difficulty.
It is a positive budget from the insurance and BFSI perspective. On the big picture, the investments in education, skill development, infrastructure and rural development will have positive impact on the life insurance demand.
Overall the budget was a non-event but for the confusion over the â€˜proposal to amend section 90 and 90A that makes tax residency certificate, a necessary but not sufficient condition for claiming DTAA tax benefits from April 1, 2013
KM Global has come out with its report on Union Budget 2013-14.
Eastern Financiers has come out with its report on Union Budget 2013-14.
Dolat Capital has come out with its report on Union Budget 2013-14.
Aditya Birla Money has come out with its report on Union Budget 2013-14.
It is a very disappointing Budget especially, for the home seekers and realty industry. One per cent of TDS on property of above Rs 50 lakh will discourage the industry in urban areas.
Although, market expectations were quite high, the Finance Minister failed to deliver and presented an average budget which did not excite investors much. In a panel discussion with CNBC-TV18, Art Woo, Director â€“ Asia, Sovereign Ratings, Fitch Ratings believes P Chidambaram‘s assessment of the fiscal deficit is modestly encouraging.
Finance Minister, P Chidambaram proposed to impose a 10 percent surcharge on people with income of more than Rs 1 crore in his Budget speech. Narayana Murthy, Chairman Emeritus of Infosys lauds the minister's effort in this direction stating that in a country where poverty is rampant, this kind of a tax will be peanuts for those who earn more.
Section 115BBD of Income Tax Act (â€˜the Act‘) provides for taxation of gross dividends received by an Indian company from a specified foreign company (in which it has shareholding of 26% or more) @ 15% (plus surcharge of 5% and education cess of 3%)