Day Traders Lounge.

TradeJoker

Well-Known Member
From WhatsApp

Guys....from a very reliable source.
The financial year will shift to Jan- Dec instead of April-March.
Announcement will be made on 30th December‬: There is a strong possibility that Government may scrap Income Tax from FY 2017-18 and replace with Banking Transaction Tax (BTT). from 1st April 2017 possibility of only two taxes 1. Direct Tax as BTT and 2. GST as indirect Tax.
http://wap.bbyusiness-standard.com/...lers-to-deposit-old-notes-116111400142_1.html
 
What purpose is it going to serve? I read somewhere that India Ink is opposed to this move as will take lots of efforts, time and resources.
All these moves seem designed to score points with S&P, Moody's and other rating agencies.