More Simplified Indian Tax Regime : Sandeep Chaufla

Sandeep Chaufla, Partner –Direct Tax, PwC, discusses how we can increase the number of direct tax payers in India and it is the qualitative aspects that we need to focus on. While he agrees that there is a room for more transparency in the system and how corporate and Income tax holidays are a great help as it incentivizes an entrepreneur to start a certain venture and he gets tax benefits. Furthermore, Sandeep claims that tax regime in India has been simplified as promised but tax cannot be the driver for a business decision and by looking from the fiscal standpoint, GST is the biggest bet and it is believed it will kick start the economy particularly in manufacturing sector but it needs to be seen where it goes.