Mukherjee Presents Indian Budget

March 1st, 2011

By Mary Swire

HONG KONG – Indian Finance Minister Pranab Mukherjee presented the country’s annual budget on February 28, which contained measures to ease the tax burden on investment as well as changes to indirect taxes, proposals to tackle ‘black money’ and a commitment to move forward with the new Direct Taxes Code.

Focusing on direct taxes, the Finance Minster said: “In the formulation of these proposals, my priorities are directed towards making taxes moderate, payments simple for the taxpayer and collection of taxes easy for the tax collector.”

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