Income Tax : Tax incentives for FDI are a double-edged sword. While they can bridge the gap in a country’s competitiveness in the short term,...
DGFT : Incentive Schemes for Manufacturing of Electronics/Electronics Components/Semiconductors The Ministry of Electronics and Informati...
Excise Duty : ♠ The new scheme is offered, as a measure of goodwill, only to the units which were eligible for drawing benefits under the earl...
DGFT : It not only replaces Served from India scheme (SFIS) available under the Foreign Trade Policy 20109-2014, but it rationalize the i...
DGFT : Objective of Merchandise Exports from India Scheme (MEIS) is to offset infrastructural inefficiencies and associated costs involve...
Income Tax : Objectives Improve the ease of conducting transactions for an individual Build a transactions history to enable improved credit a...
Finance : A committee has recommended a host of tax incentives like exemption from customs duty, central excise and service tax to revamp th...
Income Tax : Majority of Indian companies feel tax incentives from the government are needed to accelerate adoption of energy-efficient busines...
Finance : What is evident in the CSO data for GDP growth and fiscal deficit forecast for the current year, it appears certain fiscal deficit...
Income Tax : The government will sift through the financial data filed by companies with the Registrar of Companies to get a better picture of ...
Income Tax : (1) The Act broadly provides for two types of tax incentives, namely, investment linked incentives and profit linked incentives. C...
The government will sift through the financial data filed by companies with the Registrar of Companies to get a better picture of their investments and expenditure, helping it get better inputs for key policy decisions such as tax incentives. Financial details submitted with the RoC will be aggregated under various parameters such as investments, deposits and trade debt, a government official told. The initiative is driven by the ministry of corporate affairs. The RoC has financial data of nearly 10 lakh companies stored in its database management system, MCA-21.
Himachal Pradesh chief minister Prem Kumar Dhumal on Monday said commerce and industry minister Anand Sharma has recommended extending special industrial package to the state up to 2013. Dhumal met Sharma on Monday to lobby for the extension of tax benefits enjoyed by industrial units in the state, which was to expire on March 2010.
The gems and jewellery industry wants provisions such as search and seizure and tax on gross assets in the Direct Taxes Code to be modified.It says these provisions could be detrimental to the sector’s growth which has been showing signs of recovery afterreeling under recession. Industry representatives also appealed to the Government to incentivise units in SEZs and EOUs.
(1) The Act broadly provides for two types of tax incentives, namely, investment linked incentives and profit linked incentives. Ch VI-A essentially belongs to the category of “profit linked incentives” (2) When ss. 80-IA/80-IB refer to profits derived from eligible business, it is not the ownership of that business which attracts the incentives but the generation of profits (operational profits)
MAT – Making Companies slim Ms. Kareena Kapoor style Introduction: 1.0 The objective of new Direct Tax Code (DTC) as stated in the Discussion Paper (DP) published are broadening the base, minimize exemptions, horizontal and vertical equity etc. Since the proposed DTC touches all the aspects of taxation of income of all the types of […]
