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Withholding tax slash game changer for bond markets: BankAm

The change in withholding tax to 5 percent from 20 percent is going to be a game changer for the bond markets, says Jayesh Mehta, managing director & country treasurer, Bank of America.

Finance Bill 2013: Key changes in tax residency certificate

The Finance Bill brough much needed relief to Dalal Street and foreign investors as the sub section 5 in the Finance Bill is dropped. This means that tax residency certificate (TRC) is enough proof for a foreign investor to claim tax benefits in India, reports CNBC-TV18's Aakansha Sethi.

Budget Analysis: 3% SUV tax is fair amount of burden, says M&M CFO

For tax consultants, tax experts and tax officers in various corporates, the Budget is not done and dusted yet.

Budget 2013: Foreign Investor Friendly?

He started his speech by saying â€œI have been at pains to state over and over again that India, at the present juncture, does not have the choice between welcoming and spurning foreign investment.

Budget Analysis: Foreign land's TRC credibility can't be questioned says BMR

Mukesh Butani of BMR Advisors believes the Finance Ministry‘s clarification on the tax residency certificates (TRC) have helped drive away investors' fears.

Budget 2013: Mauritius shouldn't be preferred route of investment: FM

Clarifying the government's stance on the Double Taxation Avoidance Agreements (DTAA), the Finance Minister P Chidambaram said in an exclusive interview to CNBC-TV18 that Mauritius should not be preferred route of investment.

Satisfied by FinMin clarification on TRC, says Samir Arora

Samir Arora, fund manager, Helios Capital, says that a fact needs to be appreciated that the government has become very responsive. He is of the view that volatility in the market can be avoided if a more careful approach is adopted.

Nifty ends above 5700; Maruti up 5%, Core Edu adds 19%

The market closed on a positive note as it seemed to digest details of the Union Budget. After major sell-off seen on Thursday, the market managed to pullback today especially in the last few trading hours as the finance ministry issued clarification on tax residency certificates (TRC).

TRC sufficient proof of residence for FIIs: KPMG

Dinesh Kanabar of KPMG says that TRC is sufficient proof of residence for FIIs who want to avail benefits under the DTAA.

Budget 2013: FinMin issues clarification on tax residency certificate

The finance ministry on Friday issued a clarification on tax residency certificates (TRC) after concerns were expressed regarding the clause in the Finance Bill that amends Section 90 of the Income Tax Act.

Budget 2013 can't revive investment: Kotak Equities

Sanjeev Prasad, ED & Co Head, Kotak Institutional Equities told CNBC-TV18 that the steps in Budget were necessary, but not sufficient.

Budget Analysis: Ranina says nothing was done to override Finance Act 2012

The Union finance minister today presented the Budget for the year 2013-14. HP Ranina, Corporate Tax Lawyer gave his reaction on the same. He wasn‘t very happy with the Budget. He believes that the FM has done nothing to override what was done in Finance Act 2012.