Taxmann Update on Elephant Bonds
In this video, we have explained The Elephant Bond Scheme 2019
The Government is focusing on making India a USD 5 trillion economy by improving its trade policies and tax structure. To achieve the same, a High-Level Advisory Group (HLAG) was constituted by the Minister of Commerce in September 2018. The committee consisted of 12 members who have been asked to provide suggestions on ways to promote the country's trade, investments and other economic activities. Various recommendations have been made by the committee (in 314 pages report) to boost India's share and importance in global merchandise and service trade, managing bilateral trade relations and mainstreaming new age policymaking. One of the recommendations found in the report of HLAG is 'Elephant Bond'. Let's understand this concept.
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Why watch this Video?
1. To know more about Elephant Bonds
2. Why has government Initiated this Scheme?
3. who all are eligible for this Scheme?
4. How Elephant Bonds are different from the earlier amnesty scheme introduced to bring black money back in India?
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