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6 tax issues the Finance Minister needs to address in Union Budget 2014-15

Finance Minister Arun Jaitley is expected to present the Union budget for 2014-15 this year in July. It's likely that a few direct as well as indirect tax issues that have become a burden for quite a long time need to ...

What is the proposed Banking Transaction Tax?

The Banking Transaction Tax (BTT) is proposed to replace all other taxes in India apart from the customs duty which is levied for import and exports of goods and services. The government of the country since long has been trying to ...

What is DTC or Direct Taxes Code?

The Direct Taxes Code (DTC) was first introduced by current President of India, Pranab Mukherjee in 2010. Mukherjee was then the Finance Minister of India. The DTC is meant to be transparent, efficient and extremely simple, which would replace the ...

The "big five reforms" that need a bigger push from the next FM

Pranab Mukherjee as Finance Minister could hardly push through any of the crucial reforms, so necessary to catapult growth in the economy. FDI in multi-brand retail and Pension Reforms Bill remains stalled because of opposition from Mamata Banerjee, while the ...

Right time to coerce Mamata to push the reforms agenda

Politicians that adopt populist policies are perennially in need of money and Mamata is no different. If the centre adopts a “you scratch my back, I scratch yours” strategy, it can help Mamata and in turn coerce the West Bengal Chief ...