Overall feeling of this budget exercise is positive: Polaris Financial Technology

India Infoline News Service | Mumbai |

However, additional tax burden to the companies on DDT could have been avoided.

The overall feeling of this budget exercise is positive, in view of the continuity on the financial/taxation management of the economy.

The budget also proposes stability in tax regime with special emphasis on avoidance of retrospective taxation, providing more clarity on TP ruling, extending advance ruling mechanism, and not causing a jerk in existing tax rules/rates.

The budget is expected to promote saving and therefore investment through the announcement of marginal tax relief, higher tax deduction for savings and interest payment towards housing. 

However, additional tax burden to the companies on DDT could have been avoided.

S Swaminathan, Chief Financial Officer, Polaris Financial Technology Limited

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.