Budget'11: Tax gurus expect major reforms

Now that budget 2011 will soon be upon us, tax gurus have been laying down their list of expectations. What will the budget deliver on taxes?

Where, on one hand, corporate tax lawyer HP Ranina believes the settlement scheme may be widened and a rollback in excise duty relief is likely this budget, Dinesh Kanabar deputy CEO and chairman, tax at KPMG says there is a need to abolish surcharge. He, however, expects no significant announcements on DTC or GST.

Source: http://www.moneycontrol.com/

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