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Positive intent, but it’s time to deliver

The Budget announcements hinge on a strong optimism for economic growth recovery. How realistic will these assumptions be is the issue to watch out for, says our Country Managing Partner Rajiv Memani. Read on to know more.


Budget 2013: Staying the predictable course

Fiscal consolidation clearly has been the underlying theme this year, says our Country Managing Partner Rajiv Memani. Read on to know more.


Where is this tax increase going to come from?

The FM seems to have equated higher tax on the super-rich individuals and companies on the same plane, says our Tax Leader Sudhir Kapadia. Read on to know more.


Reason to cheer for first-time home buyers

By introducing an additional deduction of Rs 1 lakh in the Budget proposal, the Finance Minister has given some reason to cheer to individuals who are planning to buy their first home, says Anand Dhelia of EY. Read on to know more.


Promise kept on clarity

The finance ministry has soothed concerns over requirements for claiming tax treaty benefits and mandatory submission of tax residency certificate, say Samir Kanabar, Shashidhar Upinkudru. Read on to know more.


Impetus on generating extra taxes to bridge deficit

Interestingly, the impetus of Budget 2013 seems to be on generating additional taxes to bridge the fiscal deficit. Read on to know more.


High-tension budget for corporate India

The Finance Minister played the budget with a straight bat, balancing the need to protect the tax base with nudging the economy towards recovery, says Tax Partner Riad Joseph. Read on to know more.


Indirect taxes: Not tailored for a perfect fit

While the positive measures are welcome, lack of clear direction on Goods and Services Tax has slowed the momentum of indirect tax reforms, says Tax Partner Vivek Pachisia. Read on to know more.


Budget 2013: Stocktaking of indirect tax amendments

No significant proposal in achieving clarity in tax laws have been made from an indirect tax perspective, says our Tax Partner Bipin Sapra. Read on to know more.


Budget 2013: What NRIs should know about the FM's proposals

Not much has been offered to the Non Resident Indians (NRIs) by the Finance Minister in the Budget 2013-14, says Puneet Gupta of EY. Read on to know more.


Budget 2013: Has it marked the come-back story for auto sector?

Auto sector had high hopes on the Budget 2013 for making a come-back. Has FM delivered what the industry expected? Chetan Kakariya of EY explores. Read on to know more.


Budget 2013: Impact on pharma industry

Budget 2013 seems to be another missed year of tax impetus for the pharma industry, says Rahul Patni of EY. Read on to know more.


Budget 13: Continuance of interest subvention scheme, other measures to boost agriculture

The Finance Minister has tried to maintain sound fiscal management on one hand, while creating growth drivers for the agricultural sector at the same time, says Himanshu Doshi of EY. Read on to know more.


Budget 2013: FM perfects the tightrope walk, balances banking sector expectations

While some of the proposals would have a positive effect on the banking sector, overall the budget appears to have evoked mixed reactions from the banking industry, say Tejas Desai and Jaiman Patel of EY. Read on to know more.


Budget 2013: Duty hikes to impact luxury car segment

Overall, in the auto sector, the major impact would be on the industry players specifically catering to the luxury car segment, says Amit Bhagat of EY. Read on to know more.


Budget 2013: No major reforms in indirect tax structure; custom, excise duties held steady

In this Budget, the basic rates of customs, excise and service tax have not been tinkered with nor has there been any significant addition to the tax base, says Jayanta Kalita of EY. Read on to know more.


Budget 2013 seeks to attract investment while maintaining moderate tax rates

Credit should be given to the Finance Minister for sticking to his motto of pursuing 'a clarity in tax laws, a stable tax regime, a non-adversarial tax administration, and a fair mechanism for dispute resolution,' says Amit Agarwal of EY. Read on to know more.


Budget 2013: Moving very slowly on service tax

This year, changes are more aligned to improving tax compliances and moving forward on the path of negative list based taxation by reducing exemptions, says Divyesh Lapsiwala of EY. Read on to know more.


Budget 2013: Double whammy for the rich

In order to raise resources for the development of the country, the finance minister has gone after those who are relatively well placed in the society. More in this article by Mayur Shah of EY. Read on to know more.


Budget 2013: An exercise that's steeped in realism

The need to keep the industrial sector on a higher trajectory and to invest in infrastructure to push up economic rejuvenation appears to have been addressed albeit partially, say Heetesh Veera and Sarika Goel of EY. Read on to know more.


Budget 2013: Some retrograde steps worry

The Budget has taken some retrograde steps which strengthen the belief of foreign investors about the instability and non-predictability of the Indian tax policy/regime. Read on to know more.


Not so cool an idea, FM!

Service tax has been extended to all air-conditioned restaurants irrespective of whether they serve liquor or not. More in this article by our Tax leader Bipin Sapra. Read on to know more.


Budget 2013: Little cheer for tech enthusiasts

Those of us who were waiting to buy that latest phone or tablet have got no smiles from the budget, says our Tax leader Vivek Pachisia. Read on to know more.


Budget 2013: Impact of corporate tax proposals

At the outset, setting up a tax administration reforms commission would be a good start to reform our tax system, says Hitesh Sawhney of EY in this article. Read on to know more.


Budget 2013: Financial sector expected more from it

The financial sector would have expected more from the budget given the key role it is expected to play as India aims for high growth in the coming years, says our Tax leader Subramaniam Krishnan. Read on to know more.


Mixed impact of Budget 2013 on oil & gas sector

The Finance Minister has proposed a review of oil and gas exploration policy for movement to revenue-sharing contracts. However, there were disputes between the Government and the exploration license holders regarding the cost recovery. More in this article by our Tax leader Sanjay Grover. Read on to know more.


Budget 2013's impact on the retail sector

While Budget 2013 does not propose any big bang reforms like granting of industry status to Retail sector, retail sector is likely to get impacted by the proposed changes. More in this article by our Tax leader Paresh Parekh. Read on to know more.


Red lines drawn, FM keeps in simple, straight and short

Simple, straight and short Budget, the Finance Minister proposes fiscal discipline to get India back to growth, but is it enough? asks Jayesh Sanghvi of EY in this article. Read on to know more.