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: articles on VAT and GST in India :: ACCOUNTING STANDARD :: VAT Audit :: form 3cd :: list of goods taxed at 4% :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: cpt :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
News Headlines »
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid
 All you need to know about form 26AS
 How to file income tax return?
 7 changes that affect income tax return filing this year
 How To File Income Tax Return (ITR) Online For FY2016-17? Last Date July 31
 Last date for filing income tax return approaches: What is Form 26AS? How it can help you claim refunds
 Income Tax department to launch mobile app to make life easy for taxpayers
 6 things to remember while filing your income tax return
 Want to save on tax? Here are deductions you can use while filing ITR
 July 31 Is Last Date For Filing Tax Return. Why Form 26AS Has To Be Checked

Auto hubs to lay hands on fiscal sops
September, 08th 2006
Its not just the SEZs. Automotive hubs are also likely to get access to a host of fiscal incentives. The government has proposed a tax holiday for all automobile industry investments exceeding Rs 500 crore alongwith a one-stop shop for FDI clearances. This apart, the government proposes tax deductions of 100% on export profits and 30% deduction for ten years on incomes of new industrial undertakings. The proposals are a part of the draft Automotive Mission Plan prepared by the ministry of heavy industry for a ten year period 06-16. The AMP also proposes rationalisation of taxes including taxes like octroi tax and inter-state taxes to do away with multiple taxes. The proposed benefits will also extend to import duty on machinery where a three-tier import tariff structure for raw materials, intermediate and finished products. The government also proposes 50% deductions on foreign exchange earnings of companies associated with the automotive sector like construction companies and hotels. The report, which was tabled by the minister for heavy industries and and public enterprises Santosh Mohan Dev, at the annual convention of SIAM, on Thursday, also proposes setting up of virtual SEZs and special auto-component parks (SAPs) for the sector. This is being done in the light of various free trade agreements that India has signed with other countries. The plan also involves implementation of a comprehensive goods and services tax (GST) regime and reduction of tariffs on raw materials. In order to prevent the industry from making frequent investments due to changes in emission norms, the AMP has proposed new emission norms that will come into effect one year after emission norms for new models are introduced. In addition, a minimum gap of four years between each successive stage of emission norms will be built into the emission roadmap. Speaking on the occasion, Mr Dev said, Indias productivity potential is about 85% of USA while investment and R&D is not commensurate to the growth potential. The industry needs to achieve economies of scale which will require bringing down costs, the minister added. The minister also informed the gathering that in the last three months nine companies including Tata and General Motors have committed investments worth Rs 11,000 crore. The report has been opened for debate in the industry and the media. The government will prepare a final report based on the response for seeking the approval of the Cabinet.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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