budget 2014 LiveFor boosting investment, Jaitley is expected to announce tax incentives
for industry. As a prelude, the government has already extended the
excise duty concessions for automobile and consumer durable sectors till
December. budget 2014 Live
The Finance Minister is also expected to take a call on reducing duties on gold import, which were raised last year to check ballooning current account deficit. budget 2014 Live
He could also provide relief to farmers to help them tide over the impact of deficient monsoon which could lead to fall in agricultural output. The government may set up a price stabilisation fund, as promised in the BJP's manifesto. budget 2014 Live
The new minister may also outline the road map for roll out of the Good and Services Tax ( GST) but it was not clear what will be his approach on the Direct Taxes Code (DTC) about which the Economic Survey makes a mention today.
In a bid to restore investor confidence, both domestic and foreign, Jaitley may announce scrapping of the provision of retrospective taxing of corporate mergers and acquisitions, a legacy of the UPA that was blamed on putting off foreign investors.
The survey has also called for tax reforms including raising the tax to GDP ratio that has fuelled whether he would choose to widen the base or withdraw exemptions.
The Finance Minister is also expected to take a call on reducing duties on gold import, which were raised last year to check ballooning current account deficit. budget 2014 Live
He could also provide relief to farmers to help them tide over the impact of deficient monsoon which could lead to fall in agricultural output. The government may set up a price stabilisation fund, as promised in the BJP's manifesto. budget 2014 Live
The new minister may also outline the road map for roll out of the Good and Services Tax ( GST) but it was not clear what will be his approach on the Direct Taxes Code (DTC) about which the Economic Survey makes a mention today.
In a bid to restore investor confidence, both domestic and foreign, Jaitley may announce scrapping of the provision of retrospective taxing of corporate mergers and acquisitions, a legacy of the UPA that was blamed on putting off foreign investors.
The survey has also called for tax reforms including raising the tax to GDP ratio that has fuelled whether he would choose to widen the base or withdraw exemptions.
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