The finance ministry is considering the rationalisation of short-term capital gains tax for foreign institutional investors, reports CNBC-TV18's Akanksha Sethi.
Sources in finance ministry tell CNBC-TV18's Akanksha Sethi that the Union Budget will unveil a negative list for service tax.
The indirect tax chief says there are no plans to raise excise duty on tobacco, diesel cars even as sources indicate to CNBC TV18 that a 30 to 40 % increase in excise duties on tobacco products could be on the cards.
The duty entitlement pass book (DEPB) scheme, which was set to expire on June 30 has now been given a three month extension until September and of course until a new scheme is worked out, reports CNBC-TV18’s Akanksha Sethi.