Derivatives Tax

FPIs now have a tax advantage over domestic investors on F&O As part of the tax rationalization for investors, the Finance Minister clarified on the buyback tax. The tax will not be applicable to companies that had announced buyback offers prior to July 05th. The FM also clarified on the much debated higher surcharge on…

Fiscal Deficit

Fiscal impact of tax cuts may be big; but it will be worth the risk As the optimism around the tax cuts gives way to more reasonable analysis, it is time to evaluate the impact of the tax announcements on the fiscal deficit. Any tax cut is revenue foregone and that has a fiscal cost.…

Tax Cuts

A combination of corporate tax cuts and GST cuts give a big push The FM’s press conference from Goa, ahead of the GST Council meet, was like a path-breaking budget in itself. Here is how tax cuts dominated on Friday Corporate tax cuts The Finance Minister offered a new tax formula under which Indian companies…