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

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

July 11, 2014 11:05 IST | India Infoline News Service
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

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