Incentivising the contemporary torchbearers of the economy
It is a liberal budget from a tax perspective, with few misses and an impressive inclusive mandate benefiting most deserving sectors. Budget is promised on three prominent themes of aspirational India, economic development, and...
Income tax rationalisation and tax charter will enable Vivad Se Vishwas
Budget 2020 India: It is now up to the government to ensure that the small islands they have created are subsumed into larger administrative reforms. Union Budget 2020: A Long-Term Tax policy has been, ironically, long overdue....
Nirmala Sitharaman’s Budget 2020: Trust, the new mantra in tax policy
The Centre’s commitment to reduce harassment of a sound taxpayer reaffirmed This Budget has emphasised the idea of “trust” to enhance transparency and effective enforcement of tax administration high on its agenda. This is...
‘Essar Steel verdict: Strengthening committee of creditors comes with riders’ Business Standard Column
The ArcelorMittal saga finally achieved quietus on November 15, 2019. Its resolution plan for rehabilitating Essar Steel was blessed by the apex court. While the judgment traverses a range of issues, the core question which it...
Article –‘Pushing exports: India must rethink trade policy’ Financial Express Column of November 18, 2019
While the trade policy mandarins of the GoI will look for solutions, the message is clear—time is up for dole-outs for promoting exports, and competitiveness of exports must be driven by quality. On October 31, a panel...
‘Corporate Tax Cuts: NaMo’s September Deepawali’, Bloomberg|Quint column
As part of the monetary and fiscal measures for reversing the recent economic trends, on Friday the Finance Minister announced the biggest of the measures; the promulgation of the Ordinance by the President of India which brings...
‘An ordinance tax boost’, Business Standard column of September 23, 2019
Short-term focus shifts to what extent the new measures will impact the fiscal deficit, accelerating non-tax revenue of the government Though there have been several precedents for Parliamentary Money Bills, such as income tax...
‘Amendments to the IBC: Correcting judicial errors, Business Standard column
The operational creditors cited the NCLAT’s decision on July 4, 2019, in Standard Chartered Bank vs Satish Kumar Gupta, R P of Essar Steel Often, courts step in to lend direction when new statues lack clarity or are...
“Foreign Portfolio Investors bear the brunt of taxation flip-flops” – Mint column, July 17, 2019
A senior official at the finance ministry remarked a day after the budget that the most complex part of the Finance Bill proposals are contained in Part I of the first Schedule. Hidden in that part was application of additional...
Article ‘Two Years of GST – Dissecting Disputes’ Bloomberg Quint column
In a week, the nation will be celebrating the second anniversary of landmark tax reform, the Goods and Services Tax Act. It is only befitting to remark that neither and analysed across various dimensions. From an ease-of-doing...