Both the taxpayer and the consumer would want the upcoming Budget to revisit the tax-policy rationale for continued levy of cesses and surcharges
India‘s Hunt For Black Money!
In a panel discussion with CNBC-TV18's Shereen Bhan, Sumant Sinha, Chairman & CEO ReNew Power Ventures, Arun Maira, Member, Planning Commission, Mukesh Butani Managing Partner, BMR Legal and Sunil Kant Munjal, Joint MD, Hero MotoCorp gave their reactions to Vote on Account speech.
In an interview with CNBC-TV18's Shereen Bhan, Mukesh Butani, Chairman and Managing Partner, BMR Legal said India and Mauritius' official position has been that the treaty is under negotiation. "This has been position of both the governments since 2006," he added.
It seems the commerce and the finance ministries are heading towards yet another face off—this time on the levy of minimum alternative tax on SEZs that was announced in the budget. Which ministry will have the last word on this tussle? Experts answer.
Every year corporate India, international investors and ordinary Indians stays glued to Finance Ministers’ budget speech to discover the economic policy direction of the country.