Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« General »
Open DEMAT Account in 24 hrs
 How to calculate income tax on stock market gains along with your salary?
 Moonlighting for Additional Income? Know Its Tax Implications
 Have you claimed education cess? Be prepared to pay tax as per the new rules
 Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)
 How is tax computed for selling a house?
 How much tax do you pay on equity investments?
 Fuel taxes: Centre s gains striking since FY16
 Tax rules for NRIs on sale of assets located in India
 ITR filing: Know tax rules that apply to freelancers in India
 Delhi Real Estate News: NDMC extends last date for property tax payment with amnesty scheme
 Citizens must file THESE ITR related forms before due date Income Tax Returns

Fringe benefit tax on exporters must go
May, 20th 2009

The commerce department has asked for the removal of fringe benefit tax on exporters in its list of key reform proposals to be included in an ambitious package being readied by officials for the new government's 100-day reform agenda.

It has asked for removal of this tax imposed on exporters as it acts as a disincentive for them to travel to look for new buyers and participate in business fairs. With Indian exports taking a severe beating in the past six months, the stress is expected be on reducing operation costs of exporters.

The previous government had been considering removing fringe benefit tax on exporters, and the new one is expected to act on it the commerce department has also called for social security scheme for plantation workers who work in harsh conditions.

Implementation of the two free trade agreements, one with the ten-member ASEAN and the other with South Korea, which are ready to be signed is also high on the department s agenda.

Other issues like extension of tax benefits given to 100% export oriented units (EOUs) and Software Technology Parks of India beyond March 31 2010 and extending interest rate subvention or discount given to certain sectors, is also being pushed by the commerce department, but these are likely to be considered for the full budget.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting