Indirect Taxes
The indirect tax proposals were designed mainly to hedge the losses arising from the altered direct tax rates. Certain provisions are likely to impact the pockets of an average Indian, nullifying some of the direct tax benefits. Some of the expected changes from the industry point of view have not been considered.
- Peak [...]

OPPORTUNITIES

Swift and broad based growth in 2010-11 has put the economy back to its pre-crisis growth trajectory. Fiscal consolidation has been impressive.
Significant progress in critical institutional reforms that would set the pace for double-digit growth in the near future.
Dynamism in the rural economy due to scaled up flow of [...]

The Union Budget this year has aimed to focus on inclusive growth. The concerns of common man including Income Tax have gone hand in hand with appreciable measures for improving investment, infrastructure and fiscal consolidation. As the country looks to ‘quickly revert to high GDP growth path’ in the wake of ‘uncertain times’, concerns [...]

After eight months of stalemate, the Government has finally given its approval to Chinese telecom equipment manufacturers for importing gear into the country. The Department of Telecom has given its nod to ZTE for supplying gear to Reliance
Read Original Story

The Bombay High Court on Friday dismissed the writ petition filed by Price Waterhouse challenging the jurisdiction of the Securities and Exchange Board to investigate the audit firm’s role in the multi-crore Satyam accounting
Read Original Story

The National Stock Exchange volatility index ended on Friday at 16.74 – the lowest level on closing-day basis since its launch in April
Read Original Story

The introduction of mandatory fuel-efficiency standards for automobiles hangs fire over an ongoing “turf war” between two
Read Original Story

Cairn India Chief Executive Officer, Mr Rahul Dhir, spent his day brainstorming the Cairn Energy Plc-Vedanta Resources stake sale.
Read Original Story