Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT Audit :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: empanelment :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: VAT RATES
 
 
« News Headlines »
 Filing of online return for 4th quarter of 2016-17 — extension of period thereof
 CBDT simplifies ITR filing process from FY18
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned

Cruise ship charters likely to get tax sops
October, 05th 2007
In a bid to promote cruise ship tourism in the country, the government is planning to offer major tax exemptions to Indian firms chartering cruise ships. This is part of the countrys first ever cruise ship policy already circulated to various ministries.

We have proposed to give various incentives including tax breaks to the cruiseliners. The policy is likely to be finalised in a couple of months, a shipping ministry official said. The ministry has also planned to build dedicated cruise terminals of international standards all across the west coast of the country.

According to an estimate, the total number of cruise tourists all over the world stands at 15 million, of which Indian tourists comprise just 1% or 1.5 lakh. The total number of cruise passengers in the Asia-pacific region is projected to grow by more than 40% to 1.5 million by 2010.

About 75% cruise tourists in India go for small voyages such as four nights and six nights. Unlike in India, cruise tourists in countries such as the US, the UK and Canada go for longer voyages ranging from three months to four months. Cruiseliners in India generally charge Rs 5,000 to Rs 10,000 a night depending upon different ticket categories.

Infrastructure related hurdles such as inadequate terminal facilities for cruise ships have been a major hurdle in the growth of cruise tourism in the country. There is just one dedicated cruise terminal at Mumbai in the country and that too is very difficult to access as you have to take at least 15 permissions before reaching the terminal, Royal Caribbean India representative Gautam Chadha said.

But once the necessary infrastructure and conducive tax regime are in place, the sector would be on fast track, he added.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions