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: articles on VAT and GST in India :: cpt :: ACCOUNTING STANDARDS :: empanelment :: VAT RATES :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: form 3cd :: VAT Audit :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4%
 
 
Indirect Tax »
 Indirect tax receipts to see small, brief hit’
 There is no tax on interest income of up to Rs3 lakh a year for senior citizens
 Chidambaram favours change in direct tax rates
  Further rationalization of revised simplified procedure for fixation of brand rates
 Kerala to accept demonetised banknotes for payment of state tax till Nov 24
 Centre-state gridlock over GST jurisdiction remains, could threaten tax rollout
 India to levy tax on investments from Cyprus from April 2017
 Why tax radar may detect your cash deposits after Nov 8
 Income tax notices to religious, charitable trusts
 ICAI starts course on accounting technicians
 More trouble ahead as Tata Trusts get I-T summons for tax avoidance

Now, a new tourism policy with tax benefits
March, 26th 2016

Make in India Week brought Maharashtra MoUs worth Rs 20,000 crore for tourism projects. Now, the state has released a new tourism policy with attractive tax benefits. The indications are that state’s planned 2017 “Visit Maharashtra” year will be more than just a slogan.

The new policy has district-level tourism plans and the state has been divided into five zones with Sindhudurg, Nagpur and Aurangabad classified as Special Tourism Districts. Tax-related incentives include Value Added Tax (VAT) reimbursement for the first time, ranging from 50 per cent VAT cut in Mumbai to 100 per cent in special tourism districts. Similar exemptions in electricity duty, luxury tax, entertainment tax, stamp duty and registration have been worked out. Additional FSI has been allowed on payment of premiums in areas where it is permissible.

“Investments in projects run or owned by MTDC will get total exemption from Non Agricultural (NA) tax. Post-construction licences have been cut down from 72 to 20,” Valsa Nair Singh, secretary, tourism and cultural affairs told The Hindu.

The new policy emphasises private-public partnership projects in adventure , agro, film , and caravan tourism. “We are also setting up a tourism development institute so that new professionals enter tourism industry. We will be training cab drivers, guides, shopkeepers as part of skill development,” Ms Singh said. A new tourism directorate will also be set up to boost promotions, tourism packages and incentives to showcase Maharashtra. “The policy also allows us to organise 25 road shows outside Maharashtra and 10 outside India,” she said.

Speaking of strategies in some areas, Ms Singh told The Hindu, “We have arrived at a cost for integrated tourism development of a district. Sindhudurg’s potential was valued at Rs 2300 crore, and Ratnagiri’s at Rs 650 crore. We have tried to take these as integrated tourism development projects, to the Asian Development Bank,” Ms Singh said.

To relise Aurangabad’s potential, Ms Singh said the state government was talking to the union tourism and civil aviation ministries about starting flights from Bodhgaya to Aurangabad. “We want to develop a Buddhist circuit. Bodhgaya gets a very large number of tourists who would be interested in visiting the Ajanta and Ellora frescoes,” she said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 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