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FM’s BUDGET ON A ROCK & ROLL!

One year deferment of GAAR, equity savings scheme & some TCS concession likely to be announced in Finance Bill today!               Taxpayers are bound to keenly watch the Lok Sabha proceedings today, as the FM rises to move some amendments in the Finance Bill, 2012, which is slotted for discussion and approval of the House on May 7 & 8. ANY ROLLBACK ON GAAR?               Will there be any rollback on the...

MAD MONSTER OF TAX AMENDMENTS!

Low arousal Indians endure injustice & unfairness with feudalistic servility & fatalistic resignation said Palkhiwala              The record number of 113 clauses of the Finance Bill, 2012, proposing a plethora of amendments in Direct Taxes and so many of them even with retrospective effect, reminds me of the unforgettable words of my Budget Guru and India’s legendary jurist and tax expert the Late Nani...

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