The bill would require that employers first offer a vacant position to an equally or better qualified American worker before seeking an H-1B or L-1 visa holder
There is an expectation of the Government to undertake measures to prop up sentiment and ensure continued foreign investment in the country.
Relaxations in the form of corporate tax concessions could result in companies with reduced corporate tax to be able to expand faster. Reduction in corporate tax would also mean that the prices of products will ultimately come down.
To provide incentive to common man, there is an expectation that the basic exemption limit may be raised to Rs 3.75 lakh or Rs 4 lakh this year.
Last time, the attainment of doubling farmers’ income in India was accomplished in 13 years.
Budget 2017 is keenly awaited with expectations riding high from all quarters.
Tax experts and economists said Jaitley may hike the service tax (currently at 15 per cent) to align with the GST regime.
Yogendra Yadav fears that if Arun Jaitley indeed announces Universal Basic Income in the Union Budget, it will just be a parody. From the signals, what the government is thinking about is neither universal nor basic income
While the recent liberalisation of Defence Procurement Policy in 2016 (DPP 2016) is a welcome move by the government, there are still concerns that remain.
Many cases relating to indirect taxes (excise, customs and service tax) are over minor classification details – a strap on a footwear, buttons and zips on a dress, whether leftover pieces of steel used in something else is scrap or a steel sheet, whether a toothpaste with ayurvedic formulation is a medicated one or an ordinary one.
The associations said they believe in Constitutional methods of protests only to make their voices heard and to draw the attention of decision makers.
While service tax until now is a central levy, it will be equally split between the Centre and states under the new GST regime.
The government no more enjoys the luxury of being able to initiate harsh reform measures as it is hardly a couple of years away from the 2019 polls.
Globalisation is the key to success and for that, it is important to dream big, said Kant.
Seeking to assuage concerns of investors, CBDT said GAAR provisions shall be effective from assessment year 2018-19 onwards and "shall not be invoked merely on the ground that the entity is located in a tax efficient jurisdiction".
The agency said over 1.5 million people are entering the job market every month and the rapid adoption of automation which reduces the dependency on labour is only aggravating the situation.
He said most contentious issues regarding the Goods and Services Tax (GST) have been sorted out between the Centre and states and the new indirect tax regime is at the final stages of implementation.
A few amendments announced by the Union Budget 2016 caused some concern for the pharma sector.
Among expected measures are a hike in a transaction tax on stock derivatives trading and a less beneficial approach to long-term capital gains tax exemptions, according to analysts.
Jaitley may in his February 1 Budget propose some changes in indirect tax rates on some products and services till such time that the GST takes over
India's overall taxpayer base in a nation of 125 crore (1.25 billion) people is only 48 million, or 4.8 crore -- or 3.8 percent of the population.
The slaried is paying higher fees and cross-subsidising Right To Education; the government should allow full waiver of tuition fees without any cap
The Union Budget 2017 will should consider healthcare not as a short-term cost but as a long-term investment in the country’s human capital
Not only will the tax benefits boost savings and spending, it will also help deepen the mutual fund industry and capital markets
The measures suggested this time are intriguing because India has never adopted such a path since independence to reshape agricultural policy.
The Modi government can’t blame an old law to continue protecting dubious political funding.
The back-breaking hard work that the government needed to do to bring in start-up friendly reforms is largely done. Why not do just a little bit more to ensure better distribution of the intended benefits?
Refund of tax to those making digital payments is a good suggestion, but as they say the devil is in the details.
Statistics reveal that around 80 percent of expenditure on health is through personal, out of pocket resources in India, which is an inefficient way of dealing with healthcare expenses.