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Direct Tax »
 Salaried taxpayers to get SMS alerts on TDS deductions
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 Salaried taxpayers to get SMS alerts for TDS deductions
 Salaried tax payers to get SMS alerts on TDS deductions
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 CBDT issues final rules for taxing share-buyback
 The direct tax collections up to September, 2016 are at Rs. 3.27 lakh crore which is 8.95% more than the net collections for the corresponding period last year.

Government extends tax benefits on bunker fuel for local movement
October, 08th 2015

India has extended the benefit of nil custom and production tax on bunker fuels to domestic coastal movement of containers, in a move to decongest its roads and reduce carbon emissions, a government statement said on Wednesday.

Earlier exemptions form the customs and production tax on bunkering fuel - 180 and 380 centistoke grade fuel oil - was available to Indian flag vessels carrying export-import cargoes and empty containers.

India, the world's third largest polluter, last week announced a plan to slow the rate at which it emits greenhouse gases as its economy grows, including promoting the use of renewable energy, investing in clean coal technology and planting more trees.

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