Retrospective tax solution on Budget agenda - 0 views

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  #1 india incorporated on 05 Feb 15

   

  This will come as further reassurance to global and domestic investors that the Narendra Modi government is walking the talk on making it easier to do business in India.

  Highly placed sources in the Ministry of Finance have told India Inc that the government is seriously considering deferring the General Anti-avoidance Rules (GAAR), which has been hanging like a millstone around the neck of companies. The mandarins in the ministry are also burning the midnight oil to try and find a solution to the vexed issue of retrospective taxes, which has done more to vitiate the business atmosphere in India than any other measure.

  Finance Minister Arun Jaitley is expected to announce the deferment of GAAR and a solution to the retrospective tax issue in his Budget speech on February 28.

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  <div class="cArrow"> </div><div class="cContentInner"><p>This will come as further reassurance to global and domestic investors that the Narendra Modi government is walking the talk on making it easier to do business in India.</p><p>Highly placed sources in the Ministry of Finance have told India Inc that the government is seriously considering deferring the General Anti-avoidance Rules (GAAR), which has been hanging like a millstone around the neck of companies. The mandarins in the ministry are also burning the midnight oil to try and find a solution to the vexed issue of retrospective taxes, which has done more to vitiate the business atmosphere in India than any other measure.</p><p>Finance Minister Arun Jaitley is expected to announce the deferment of GAAR and a solution to the retrospective tax issue in his Budget speech on February 28.</p><a rel="nofollow" href="http://www.indiaincorporated.com/item/4268-retrospective-tax-solution-on-budget-agenda.html">Read more...</a><br /><br />Visit us at: <a rel="nofollow" title="Link: http://www.indiaincorporated.com" href="http://www.indiaincorporated.com/">www.indiaincorporated.com</a></div>

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