Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: due date for vat payment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: TDS :: ACCOUNTING STANDARD :: empanelment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: VAT RATES
 
 
« News Headlines »
 Filing tax returns? Here are seven things to remember
 Clarifications on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies.
 Mistakes in filing income tax returns that may get you a tax notice
 Know how you can claim return of income in Form 26 AS case
 What you must know for tax filing this year
 How to file tax return if you have two Form 16s
 10 things you should know about Form 26 AS
 How to file income tax return without Form 16
 How to rectify income tax returns
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid

ISPs demand tax exemptions for broadband
December, 11th 2006

Citing the countrys poor broadband penetration, Indian internet service providers (ISPs) have asked the government to exempt broadband services from levy of service tax for the next five years.

It has also made a pitch for a five-year income-tax holiday. India, with a poor penetration (0.16%) of broadband, should not levy 12.24% service tax (including education cess), the ISPs have told the government.

According to Telecom Regulatory Authority of Indias (Trai) figures, India currently has just under 2 million broadband connections. The country has also failed to meet the targets set by the Broadband Policy, which had envisaged 3 million high-speed internet connections by 2005.

The country is also unlikely to miss future target of 10 million broadband connections by 2007. The Internet Service Providers Association of India (ISPAI) has also sought a 100% depreciation for computers within the first year, and a similar depreciation on broadband customer premise equipment (CPE), including set-top boxes, modems, wireless Radios and routers within the first year.

Also the amount incurred for buying computer or laptop by employee (government or private) should be exempted from the income-tax on production of valid bill.

Further, all corporations, whether public or private, should be allowed to give Rs 6,000 per annum allowance to employees for broadband services access at home, they said, adding that this allowance should be removed from taxable income for the corporation. The same facility, ISPAI said, should be extended to self-employed professionals and individuals.

The association has also asked for tax holidays for organisations or even individuals who donate their PCs and other related equipment to institutions and schools, charitable organisations and local bodies while asking for a 100% exemption from Custom duty on goods imported by ISPs for providing broadband access.

The government should also recommend to all states to waive sales tax on goods and services that are transacted through electronic mode (e-commerce) for the next five years. The state governments should follow these recommendations with legislation to ensure proper execution.

Similar legislation should also go from the Centre to the state governments for waiver of entertainment tax, currently about 30% in certain states, levied on broadband subscriptions and entertainment services, if they are provided through a broadband or internet platform, ISPAI said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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