Significant changes in tax laws affecting financial services industry

Journal
Desai, K.; Mehta, R.
India
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2007 (Volume 9), No. 4
FormatPDF
EUR
40
| USD
45
(VAT excl.)

Through annual Finance Acts, tax laws in India undergo changes every year to address the government's fiscal and other policy objectives. The most recent changes were introduced by the Finance Act 2007, which was announced on 28 February 2007 and enacted in May 2007. This article summarizes the significant changes in relation to the financial services industry.