Friday, January 8, 2010

India is a large country with diverse and often conflicting interests and expectations ...

Tax priorities for 2010

Tax rarely evokes philosophical musings. Yet, Vikas Vasal, Executive Director, KPMG, disentangles himself from the mesh of Section numbers and Circular references that fiscal legislation is known too well for, and rewinds right back to the evolution of tax policy. “The known economic history of India began with the Indus Valley civilisation, wherein the economy appears to have depended significantly on trade and commerce, which in turn led to the evolution of the process of tax policy and administration,” he begins, during the course of a recent year-end email interaction with Business Line.

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