The FM disagreed with experts who termed the new tax regime complex and unavailing saying it would benefit some taxpayers, if not all
The direct tax proposals aim to accelerate economic momentum and ease of living for taxpayers, though the key will lie in smooth administration
With a conservative lens, these are the numbers that looked plausible, Chakraborty said
'Markets and the economy are never utter perfect equilibrium.'
'We are moving towards privatisation after a long time', said Tuhin Kanta Pandey
Companies which stand to gain the most are rural focused players, gas utilities, building material makers and logistics firms.
The new regime is simple, one has to see the exemptions one was taking earlier and compare the new tax rates without those exemptions, the Revenue Secretary said
It is important to introduce an efficient dispute resolution mechanism to ease the pain of an overburdened dispute resolution machinery
With the exception of IT, every sectorial index at the NSE is in a downturn
There is a tendency of the taxpayer, as well as the tax administrators, to continue with litigation because neither side wants to give up
While others have lobbyists, this is one arm of the state which is left to fend for itself
India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers
It has restored confidence of businesses as well as provided on-ground support that MSMEs need and farmers deserve, Co-founder of Udaan said
Abolishing DDT will attract investments, said Ajit Menon, CEO of PGIM India Mutual Fund
However, on Saturday, the stock markets did not react positively, contrary to the government's expectation
The states' revenue from the central tax pool was up 25.8 per cent YoY in FY19, while it was down 0.4 per cent YoY in FY18
Bond yields will also be under pressure due to Rs 2.7 trillion of switches in FY21, which increases duration risk
There were no big-bang measures for foreign portfolio investors (FPIs) in the Budget
The bank is expected to come out of the Reserve Bank of India's prompt corrective action (PCA) framework by March 2020
'The disappointment is on the lack of bold, out of the box measures to tackle the current economic slowdown'