Very few startups make profits in the first two to three years of their operations.
Govt is contemplating tweaking tax laws to allow foreign firms to claim deduction in home countries for the dividend tax paid by subsidiaries in Budget 2015
The Parthasarathi Shome panel on tax administration has called for the reinstatement of the fringe benefits tax and the banking cash transaction tax. Neither is likely to happen
Pranab Mukherjee should be prepared to hear nothing but complaints about his new retrospective tax proposals that have led foreign businesses to practically reconsider their investments in India.