« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs  ITR Filing 2026: Section 143(1) Tax Demand Explained Reasons, Solutions, and How to Avoid Penalties & Disputes  ITR Filing 2026: Over 3 Crore Income Tax Returns Filed for AY 2026 27 Income Tax Department Urges Taxpayers to Avoid Last-Minute Rush  ITR Filing 2026: CBDT Upgrades Income Tax Portal Ahead of July 31 Deadline Key Changes Every Taxpayer Should Know  Sold house for ₹1.10 crore, tax computed on ₹1.96 crore? ITAT explains when Section 54 relief is still available  ITR 2026: How Taxpayers Earning 25 Lakh to 1 Crore Can Save Up to 1.5 Lakh Under the New Tax Regime  Old vs New Tax Regime 2026: Which Saves More Tax If You Earn 13 Lakh?   Presumptive Taxation in 2026 Rebate Losses & Deductions Practical Impact of the Income Tax Act 2025  Income Tax Penalties Explained (2026): What Happens If You Under-Report Income or Miss Your ITR Filing «  Electonic Return Form is mandatory - New Circular no. 9... Mauritius plugs gaps in tax treaty... » Semi-conductor units to get tax incentives October, 12th 2006 The proposed incentives package for the semi-conductor industry, put on the backburner following the finance ministrys rejection, has been revived. The finance ministry conducted a detailed meeting on the sops that could be provided to the industry and a final decision is expected after finance minister P Chidambaram looks into the details. The reconsideration of the package for semi-conductor companies follows a strong plea by information technology minister Dayanidhi Maran about the employment generation and economic activity creation potential of the segment. The package is aimed at attracting global giants like Intel to set up shop in India. The Prime Ministers Office (PMO) had earlier suggested that the finance ministry and the IT department should sort out the issue. The issue went to the PMO after the finance ministry rejected the package demanded by the industry. According to government sources, the package for the semi-conductor segment is likely to finally materialise in a toned-down form as compared to the original set of demands put forward by the Indian Semiconductor Association (ISA). The Andhra Pradesh government is also strongly pushing for the package since it will boost the proposed FabCity project near Hyderabad, they added. According to ISA, the government should work out a $1.5-bn package for the industry so that global giants could be attracted here. The total cost would be spent over a period of three years and this includes tax exemptions, infrastructure support and the governments equity participation in the FabCity project. Representatives of the semi-conductor industry have said that the proposed sops would help in attracting FDI of nearly $15bn in five years and $50bn in 10 years. The cost of setting up one fab unit is estimated at around $3bn. The growth of this industry is expected to be far faster than the IT industry, both in terms of economic activity as well as employment creation.