If the tax deal is not signed, India can opt to label Panama as 'non-cooperative' and levy a higher tax on it
3 min read19 Jan 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared