Will Budget 2009 weave in textile industry demands?
Chennai: Indian textile industry has inherited, for various reasons, features such as fragmented set up, absence of economies of scales, geographically-dispersed operations and so on, which lead not only to cost inefficiencies but also to tax ... More

Indirect tax reforms to look for in Budget 2009
Chennai: Taxes are no longer a revenue-earning tool, but are increasingly regarded as a valuable aid in shaping the economy through industry-specific and other policies, observes B. Sriram, a senior tax professional in Ernst & Young. He cites, as ... More

Comprehensive service tax legislation needed
Chennai: Even after fifteen years of its introduction, we cannot boast of a comprehensive service tax legislation, laments Dinesh Kumar B. , a senior tax professional in Ernst & Young. “The law continues in its preliminary form, picking and ... More