Why the FM needs to remove FBT, corporate surcharge
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Today, the Indian economy is dominated by the three major events that have taken place in the recent past, namely, global meltdown, stock market crash and recent corporate fraud. Almost every day there are news flashes apropos the presentation of the Annual Budget 2009. The roadmap envisaged by the new government for the Budget this year is expected to be a strategy to take up recent economic challenges, stock market trends and complex issues impacting the economic growth of our country. It would be pertinent to understand the seeming philosophy of economic expediency which could have a bearing on the forthcoming Finance Bill, 2009. For the current financial year 2009-10, Annual Budget could not be passed in February due to the electoral process being in vogue and instead a vote-on-account was announced in the month of February 2009. There were more expectations from the vote-on-account which were felt....
More about Aseem Chawla and Amit Singhania
Aseem Chawla is a member of Bar Council of India and a fellow member of the Institute of Chartered Accountants of India (ICAI). Aseem has extensive experience in advising large Indian and MNCs on a variety of tax matters including international tax, inbound & outbound investment structuring, cross-border tax issues, and has been representing clients in tax litigation matters before various appellate forums. He is a regular contributor to a variety of tax journals and newspapers on income tax and transfer pricing. He has also been a member of several committees including the Direct Tax and Expert Advisory Committee of the ICAI and Executive member of the Income Tax Appellate Tribunal Bar Association, New Delhi.
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