SILF meets FinMin on taxation matters

Bar & Bench January 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 . . .

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