Monday 11 March 2013

Amendments in Budget 2013

Closer look of BUDGET 2013 

As many as 72 indirect tax clauses are sought to be amended this year, against 43 last year, a closer look at the Finance Bill 2013‐14 has revealed.
An analysis of Finance Bills tabled in Parliament in the last 10 years show Chidambaram has always been more aggressive on fine‐tuning indirect tax laws
On the direct tax front, however, only 53 clauses were amended, down from 113 last year, the highest ever in the UPA regime.

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