Budget 2012: Tax sops will give impetus to banking space

A resolute banking system is crucial in maintaining the growth rate of any economy. In these challenging times, it is critical to rationalize some of the tax provisions impacting the banking sector.

March 08, 2012 / 14:06 IST

Jaiman Patel, Senior tax professional in a member firm of Ernst & Young

Recently, the Reserve Bank of India (RBI) Governor Dr D Subbarao was quoted saying that

first published: Mar 7, 2012 12:47 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347