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India Inc bets big on tax reforms in Budget

One of India Inc's top demands is the abolishing of the minimum alternate tax or MAT, which will put a significant cash flow in the hands of taxpayers to make much needed investments

BS Reporter  |  Mumbai 

Corporate India is looking to next week's budget for wide-ranging tax reforms like abolition of the Minimum Alternate Tax (MAT) and clarification on the tax status for Special Economic Zones (SEZs) apart from the government burying the ghost of retrospective tax once and for all. Prime Minister Narendra Modi and Finance Minister Arun Jaitley had promised tax and banking reforms during their interaction with corporate leaders during Make-In-India week, to take the manufacturing sector's share in the gross domestic product from the current 18 per cent to 25 per cent. Read our full ...

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First Published: Tue, February 23 2016. 00:45 IST
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