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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 How to submit Form 15H, Form 15G to avoid TDS on interest income
 What is tax deducted at source (TDS)?
 Income Tax Return filing 2018: Here are some important tips for you
 Change in Examination Venue in Thane, Zone – II, May 2018 Examinations
 Here’s all you need to know New Income Tax return for salaried class available on IT portal
 What to do if you missed the (second) tax deadline
 Income-tax (5th Amendment) Rules, 2018 - Notification under section 9A (3) of the Income-tax Act, 1961 in respect of Fund Manager Regime
 Income Tax department warns salaried class again filing wrong ITRs
 ITR-1 form for AY 18-19 now available for e-filing
 New Income Tax Return Form for Salaried Class available in Portal
 Income Tax Return: ITR-1 ready for e-filing, says I-T department

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 2018 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