Taxation still a matter of concern: FICCI‘s Kidwai

The Modi government has kicked off a mega media blitz as it nears the one-year anniversary. India Inc believes the first year performance has been good. The only spot of bother is on taxation. Speaking exclusively to CNBC-TV18, Naina Lal Kidwai of HSBC said the government must provide clarity and certainty on tax matters.

Kidwai said, “The government’s actions on transfer pricing and tax are right. They onboarded the High Courts views and have followed through with the High Court ruling not contesting it in the Supreme Court. So, that is positive.”

However, there is still disappointment on the tax front in terms of the way that is being dealt with.