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Mukesh Bhutani is managing partner of BMR Legal Advocates, an independent law firm specialising in tax policy, advocacy, and disputes. He has been leader of tax practice in the Big 4 accounting firms. Mr Bhutani is a commerce graduate from the University of Bombay and holds a bachelor's degree in law. He qualified as a Chartered Accountant in 1985 and practiced as a fellow member until 2010. Since then, he has been enrolled as an advocate and is a member of Bar Council of Delhi.
Mukesh Bhutani is managing partner of BMR Legal Advocates, an independent law firm specialising in tax policy, advocacy, and disputes. He has been leader of tax practice in the Big 4 accounting firms. Mr Bhutani is a commerce graduate from the University of Bombay and holds a bachelor's degree in law. He qualified as a Chartered Accountant in 1985 and practiced as a fellow member until 2010. Since then, he has been enrolled as an advocate and is a member of Bar Council of Delhi.
The US actions go far beyond its stated objective to correct the trade imbalance; a situation dissimilar to China
The Direct Tax Code is expected to contain a single legislation and replace frameworks like the Income Tax Act, Wealth Tax Act.
The inconsistency in the execution of the appeal mechanism as contemplated in the statute needs to be set right at the earliest, both at the Centre and the state level
The Code is not a remedy for creditors to pursue their individual rights; it is a symbiotic mechanism for all stakeholders
India is already enjoying the reputation of being the first country to impose Equalisation levy
The Indian capital gain regime needs to address simplicity, stability and predictability, says the author
The new tax code should aim at widening the tax base with bold actions
The High Court verdict is a sigh of relief for taxpayers and tax practitioners
An important event which will be keenly watched is the first reporting compliance trigger
The govt has to test the robustness of the GSTN portal before it is released for public testing
The Income Declaration Scheme was a triumph. India stands to gain as global tax policies converge towards the source-based taxation principle. But can India unearth unaccounted wealth from overseas so
Tax certainty is a significant concern for FIIs, especially in the case of mutual fund FIIs that have a wide investor-base
A slew of proposals have got unprecedented attention in this Budget
In recent years, India has embraced a tax policy stance that is contemporary and driven by best practices
The law, at present, is replete with a complex web of cross-references, often causing confusion
India must align domestic laws with international treaties
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms
Due to divergence between ICDS and IFRS, companies have to maintain multiple books of account
New rule leaves room for discretion in determining whether a foreign company can be said to be resident in India