SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

India’s tax goal on track despite slowdown: Chidambaram

04 Sep 2012 Evaluate

Amid concerns about a ballooning fiscal deficit in the slowing economy, Finance Minister P Chidambaram affirmed that the government will clamp down tax evasion and would achieve 2012/13 tax collection target of Rs 5,70,257 crore.

A slump in growth and a rising fuel subsidy bill have raised worries that the government may miss the fiscal deficit goal of 5.1% of GDP. In four months India has consumed half the deficit budgeted for the full fiscal year and finance ministry is now seeking ways to raise revenue.

Chidambaram confirmed that the government is planning to bring non-tax compliant firms under the tax net with an aim to reduce burden on tax receipts. He also added that the government would wait for the recommendations from government panel before deciding whether to issue a controversial tax demand to Vodafone for its $11 billion purchase of Hutchison Whampoa's Indian assets.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×