In the mammoth of expectations for the approaching Budget, growth friendly tax policies form an integral fraction of the event to boost India's economic growth, says a Federation of Indian Chambers of Commerce and Industry (FICCI) in report 'Pre-Budget Memorandum 2016-17'. While the proposal to reduce corporate tax rates announced last year was correct, there are several other factors still needed to be addressed, it suggests. The report highlights importance of clarity in tax laws and other significant implementations needed to boost trade and economy.
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