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: empanelment :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: due date for vat payment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: TDS :: form 3cd :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT RATES :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« News Headlines »
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions

To save tax, wear green belt on shop floor
December, 22nd 2006

A thick green cover in the backyard of your factory may actually exempt you from paying land tax. The ministry of environment & forests (MoEF) is mooting a mechanism to incentivise land owners for providing ecological services such as planting trees.

The compensation could be in the form of land tax exemption or providing relief from land ceiling, a government official said. The modalities of providing incentives need to be worked out by the finance ministry, he added.

In a letter to the Cabinet committee on economic affairs (CCEA), MoEF has suggested that the finance ministry could be asked to prepare an incentive package. Besides sustainable development, the move also aims at increasing the countrys forest and tree cover to one-third of the geographical area by 2012.

With incentives in place, the ministry hopes to generate private investment in forestry projects including timber production. This would reduce our dependence on import of timber.

At present, in the absence of subsidies for timber production, much of the imported timber is a product of subsidised production in a developed country. The subsidies referred to as green-box subsidies are compatible with provisions under the World Trade Organization. Such imported timber brought to the country is reflected in the pricing of the wood. As a result, we lose out, a government source said.

To offset the green-box subsidies, the ministry has alsosuggested that the import tariffs, within the WTO-bound rates, for imported timber or forest producers be enhanced.

In another attempt to increase forest cover in the country, the ministry hadearlier proposed that the industry begiven control over degraded forest land, wasteland and other public land forgrowing trees under a multi-stakeholder partnership. Investors will be selectedby inviting expressions of interest followed by fixation of entitlement packages for local communities.

 
 
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 Team

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