Experts believe the lower tax rate is a significant contributor in making India's debt market attractive to overseas investors
Sources said that a higher flat rate is also being looked at for the super rich but discussions on this have remained inconclusive.
Poor responsiveness of tax collection to economic growth poses new challenges for norms on sharing taxes with the states
The key disappointment at the net profit level was led by a higher-than-anticipated forex loss and tax rate.
The abolition of the DDT is one of the long-pending demands of market players as it leads to double taxation
Markets are divided on the timing of such a move, said DBS report
There have been demands pouring in from various sectors - from biscuits to automobiles and FMCG to hotels - to reduce tax rates in the wake of economic slowdown
The realisation that the new tax rate applies not just to the super rich but also to trusts - a structure of choice for a large number of foreign funds that invest in the nation
Tax experts said that in FY17 around 80,000 people had reported incomes of over Rs 1 crore
Donald Trump's plans to induce stronger economic growth by cutting taxes won't necessarily work
Jaitley asserted that future transactions would be substantially digital as India moves towards a less-cash society