A further dose of good news is that the Ministry has virtually ruled out any increase in the maximum marginal rate on the personal income-tax front as that may affect voluntary compliance.
With the general budget round the corner, the Finance Ministry on Thursday held out some hope for taxpayers by indicating that it could [...]

* Domestic companies are permitted to deduct dividends received from other domestic companies in certain cases.
* Inter Company transactions are honored if negotiated at arm’s length.
* Special provisions apply to venture funds and venture capital companies.
* Long-term capital gains have lower tax incidence.
* There is no concept of thin capitalization.
* Liberal deductions are allowed [...]