Expectations

Updated : Mar 3, 2017

Six things taxpayers expect from Budget 2017

Parting from the colonial-era tradition of presenting the Union Budget on the last working day of February, the government will present it on February 1. And with the new beginning comes new expectations, which are already rising high.

Updated : Jan 31, 2017

'Tax regime that levies a lower tax rate on cashless transactions'

Having taken the trouble to demonetise higher denomination notes, we believe the government should now go the full distance in moving India towards a cashless economy.

Updated : Jan 31, 2017

'Incentives could be expected in the Budget to give an impetus to digital economy'

The post demonitisation noise emanating from the corridors of power surely points to a certain keenness of government to move the direction of the economy to a digital or less cash economy.

Updated : Jan 30, 2017

Gold needs a positive comprehensive policy: Y V Reddy

Y V Reddy, the seasoned banker and the 21st governor of the Reserve Bank of India between 2003 and 2008, feels there is lot more to gold than in its colour and its attributes of providing safety, security and under difficult circumstances, even liquidity.

Updated : Jan 30, 2017

What Healthcare sector is expecting from Union Budget 2017

India has one of the lowest health expenditure ratios in the world in terms of the government spending on health as a percent of GDP. This is lower than that of the low income countries as well. India is a lower middle income country as per the World Bank classification.

Updated : Jan 30, 2017

An 'arms and weaponry' defence budget

While the 2016-17 budget had been termed as a 'Pay and Perks' budget, the forthcoming one needs to be an 'Arms and Weaponry' budget with a strong focus on capital acquisition to modernize Indian Armed Forces.

Updated : Jan 30, 2017

Capitalization of Exchange Fluctuation loss on fixed assets

There have been many controversies in the field of direct taxes revolving around loss on exchange fluctuation for liability incurred to purchase assets in India and outside India.

Updated : Jan 20, 2017

What education sector expects from Budget 2017

The year 2017 will be a year to watch. Not because I expect some watershed event to happen, but because of what happened in 2016. The last year was eventful to say the least both within India and outside.

Updated : Jan 20, 2017

Income tax returns: From fiction to fact

"Income tax returns are the most imaginative fiction being written today."-Herman Wouk, a Pulitzer Prize winning American author, who is more than 100 years old now. We know that this quotation is quite apt for India. Prime Minister Narendra Modi said in his address to the nation on December 31st 2016 that only about 24 lakh people declare income more than Rs. 10 lakh in India. "Can we digest this? Look at the big bungalows and big cars around you. If we look at any big city, it would have lakhs of people with annual income of more than 10 lakh", he said.

Updated : Jan 20, 2017

What's in store for indirect taxes in Union Budget 2017

Union Budget 2017 would be a unique budget for various reasons - first this time the budget will be presented on February 1, instead of accustomed date of February 28, second the rail budget would not be presented separately, instead would be merged with the Union budget, thirdly this could be populist budget so as to soothe the pain caused to masses due to demonetization drive; and last but not least this could be last budget for current indirect taxes, in case much awaited Goods & Services Tax (GST) is implemented during next financial year.

Updated : Jan 20, 2017

Budget 2017: India Inc. expects cut in corporate tax

Finance Minister Arun Jaitley may address the transient pain of demonetisation by cutting corporate tax rates in the forthcoming Budget for 2017-18.

File photo of Union Finance Minister Arun Jaitley (Reuters)

Updated : Jan 20, 2017

Budget 2017 may spring sweet surprises for startups

The Department of Industrial Policy and Promotion is designing a new set of tax concessions on employee stock options, unlisted securities and convertible instruments.

Debshankar Mukhopadhyay, Zee Learn Limited, Chief Executive Officer

Updated : Jan 20, 2017

'Tax incentives for performers and penalties for laggards can ensure quality in Education sector'

The Indian education sector is diverse and has the challenges and opportunities of any developing nation. However, given the size of the population, both challenges and opportunities have massive leverage - if we get it right, we leapfrog into prosperity; if we don't, we are looking at a demographic disaster.

Vidushi Daga, Entrepreneur and the founder of Clone Futura Education

Updated : Jan 20, 2017

Digital knowledge should begin at school level

To reach the digital aim perceived by our government, the budget should include awareness drives or create some boom for start-ups and Ed-tech companies which facilitate the consumers with online classes, Communication evolution, interactive textbooks, expanding audience, disappearance of the chalk board, rise of web-based research, and gamification.

Archit Gupta, Founder & CEO ClearTax.com

Updated : Jan 20, 2017

Budget 2017 must be practical and progressive

The countdown to Budget 2017 has begun. Days following demonetisation have indicated that the government is tempted to dole out at least some tax relief to address its waning popularity.

Updated : Jan 20, 2017

Govt likely to reduce income tax rates in Budget

The government had laid down a detailed step-down program wherein time has been given to either exchange these notes for valid notes with a valid ID at any bank or post office or deposit in their bank accounts. 

DR MAHESH GUPTA, Chairman & Managing Director, Kent RO Systems Ltd.

Updated : Jan 20, 2017

Budget'17 needs to bring out of the box changes to boost growth

The Indian economy was growing at a healthy pace of 7.6%, when the demonetization drive suddenly slowed down the pace of the economy. Liquidity issues are impacting businesses, especially where the cash transactions were dominant. For Example - FMCG Sector, Automobiles, Real Estate etc.