Can't leave too many people out of tax net: Parthasarathi Shome

The government relies on Parthasarathi Shome, fiscal expert and advisor to Finance Minister P Chidambaram, to resolve any difficulty on the tax front. After it drew flak from industry for......

Don't use GAAR to raise revenue: Shome

Anti-tax avoidance measures like GAAR should be used sparingly and not to raise revenue for the government, said Parthasarathi Shome who heads the government committees on taxation matters. "We saw......

Shome likely to finetune Kelkar recommendations

With Parthasarathi Shome set to become the adviser to the finance minister, one can expect some finetuning of Vijay Kelkar's recommendations on taxation.On broad areas of the taxation policy, the......

Govt to come out with modified DTC Bill: Shome

The government will come up with a modified Direct Taxes Code (DTC) Bill after incorporating the suggestions of the Standing Committee on Finance, which among things had suggested raising annual......