SILF meets FinMin on taxation mattersJanuary 29 2010
On Wednesday, some of India’s top lawyers met Finance Minister Pranab Mukherjee on tax-related issues, particularly the imposition of service tax on law firms. The minister has sought assistance on simplifying the tax regime.
When Pranab Mukherjee had levied a service tax of 10 percent on lawyers last year, it had resulted in a fair amount of confusion on whom it would be applicable. Small time solo practitioners heaved a sigh of relief when the ministry clarified that the service tax was applicable only on law firms.
Law firms are evidently not taking it lying down. On Wednesday . . .
This content is restricted to subscribers
With a premium account you get:
- One year of unrestrcited access to previous interviews, columns and articles
- One year access to all archival material
- Access to all Bar & Bench reports