Budget 2015: Industry wants FDI in online retail, easier listing norms for internet cos

Clarity around definition of export turnover and total turnover for computation of tax exemption in the Budget will help resolution of tax-related disputes, said brokerage house Morgan Stanley in its report on Budget expectations of various industries.

Moneycontrol.com February 16, 2015 19:50:38 IST
Budget 2015: Industry wants FDI in online retail, easier listing norms for internet cos

Clarity around definition of export turnover and total turnover for computation of tax exemption in the Budget will help resolution of tax-related disputes, said brokerage house Morgan Stanley in its report on Budget expectations of various industries.

Budget 2015 Industry wants FDI in online retail easier listing norms for internet cos

Union Finance Minister Arun Jaitley.

In addition, allowance of bilateral treaty for advanced pricing agreement should help mitigate issues around double taxation of income, the brokerage feels.

Brokerage house Goldman Sachs lists FDI in online retail, easier listing norms for internet companies as the other major expectations of the industry, in addition to clarity on the tax computation.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Online thrift stores proliferated in 2020, but questions remain about how such businesses can be sustained
Lifestyle

Online thrift stores proliferated in 2020, but questions remain about how such businesses can be sustained

From sourcing stock to emphasising sustainability, online businesses dealing in secondhand clothes — or thrifting — have many wrinkles to iron out, moving forward.

Union Budget 2021: PMFAI demands GST reduction on pesticides from 18% to 5%
Business

Union Budget 2021: PMFAI demands GST reduction on pesticides from 18% to 5%

The PMFAI also urged the government to extend a financial support for developing technologies for intermediates and technical grade pesticides indigenously under 'Make in India'

Ludo King gets new Quick Ludo and six player online modes, also allows voice chat while playing
News & Analysis

Ludo King gets new Quick Ludo and six player online modes, also allows voice chat while playing

The Quick Ludo will let the players finish the game in shorter time as compared to the classic mode.