Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | 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
 
 
 
 
Popular Search: articles on VAT and GST in India :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ACCOUNTING STANDARD :: empanelment :: due date for vat payment :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ACCOUNTING STANDARDS :: cpt :: list of goods taxed at 4%
 
 
News Headlines »
 Govt to simplify income tax laws, sets up task force under taxman Arbind Modi to study overhaul
 Infosys to configure GST network for filing returns
 Save income tax through mutual fund investment. All you need to know
 Income tax returns (ITR): On sale of property, here is what you should know
 Section 35 of the Income-tax Act?
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961

Power bonds up to Rs 50,000 may be tax-free
December, 06th 2007
Vidyut Vikas Patras mulled to mobilise savings.

With an eye on channelising domestic savings into the power sector, the finance ministry is considering granting income-tax exemptions for individual investments up to Rs 50,000 in power infrastructure bonds.
 
It is also considering issuing vidyut vikas patras as a small saving instrument to mobilise savings to meet the envisaged funding gap of Rs 4,50,650 crore for the sector during 2007-12.
 
The measures are being discussed by the finance and power ministries for inclusion in the forthcoming Budget.
 
Among other proposals, the power ministry has suggested tax exemptions on profits from energy-saving efforts by companies.
 
It has also proposed rationalisation of the current duty structure on equipment and fuels to reduce the cost of power for consumers. It has sought lower excise and countervailing duty as well.
 
It has also asked for only two rates of Customs duties, one for imports for mega power projects and the second for others. This duty structure should also be applicable on transmission equipment, the ministry has said.
 
To give a fillip to the rural electrification programme under Bharat Nirman, the power ministry has sought complete excise and Customs duty waiver for equipment for decentralised distributed generation projects (up to 5 Mw). It has also sought to exempt franchises engaged in management of rural distribution system from service tax.
 
The ministry has also recommended including the power sector in the category of infrastructure facility to ensure tax exemption to operation and maintenance bodies.
 
It has also sought restoration of the pass-through status to venture capital funds for the sector. The pass-through status was withdrawn in the 2007-08 Budget.
 
 
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