Budget wish-lists on Direct Taxes

The Union Budget 2015 has eight days to go and the industries cutting across the sectors have high hopes with respect to many taxpayer friendly changes in the Direct Taxes. Some of the changes they expect are relating to MAT, Tax Administration Reforms, reduction in TDS rates for FTS and Royalty. TIOL Managing Editor, Mr Shailendra Kumar, anchored a programme with the representatives of the industry on their wish-lists. And the three distinguished domain experts who shared their expectations are Mr R Sridhar, VP (Taxation), Hindustan Coca Cola Beverages India Ltd, Mr Atul Chhabra, Taxation Head, IFFCO and Mr Sumeet Khurana, Director (DT & International Taxation) with the noted law firm Lakshmikumaran and Sridharan.