Budget 2016

There has been a mixed reaction by different stakeholders in both telecommunication services and manufacturing sector. The focus of government in quick dispute resolution and encouraging Make-in-India initiative has been welcomed by many. The implementation of rules of Place of Effective Management (POEM) for assessing tax liability has been deferred by one year, which has been welcomed by all. This will give corporates sufficient time to prepare accounts according to their place of residency under the new norms. Here we present comments of some of the stakeholders on the Budget 2016.