Topic: tax reforms

Budget could also look at tax rebates to stimulate housing demand, raising standard deduction, getting rid of redundant stock market taxes to encourage households to invest.

The tax department's move had raised concerns over increase in compliance burden for firms, and it's unclear if the govt will go through with the proposal.

Industry experts say that the two-tax regime option on personal tax, just like corporate taxes, will only make the structure more complicated

Earlier, the government would pay input credit. But now, since the final product is not taxed, manufacturers will have to add it to the cost of the pads.

GST rate cuts will help formalisation and boost business. Relaxation of return filing procedures should help smaller firms embrace the tax reform.

Demonetisation was a courageous policy decision fraught with high risks. The purported objectives of the decision were to eliminate fake currency, weed out black money, and address tax evasion. Later, digitisation of the economy was also added to the list of objectives. How has demonetisation fared on these objectives?

Reform & economic legislation are locked in most areas, the markets are a mess & even if two ministers happen to say the same thing, it spawns a new conspiracy theory in Delhi.