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Lack of clarity in the income tax and corporation tax laws in the country was a persistent concern, said Deepak S Parekh, chairman, Housing Development Financial Corporation (HDFC), on Monday.
In a chat with journalist Shekhar Gupta, also a Business Standard columnist, at the KS Narayanan Oration 2017, Parekh said drafting a new I-T law was hindered by the lack of experience. “It is a major challenge,” he said.
Parekh also said demonetisation — one of the targets of which was black money — had a laudable objective. “Whether or not it succeeded is anyone’s guess,” he said.
On November
