« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups  Result of the Information Systems Audit [ISA] Assessment Test held on 8th November 2025 is likely to be declared on late evening (around 9 pm) of 16th November 2025.  Income Tax: What is revised I-T return which you can file till the end of the calendar year?  Creating Vouchers Directly from Bank Statements in Tally Prime A Complete Step-by-Step Guide  Payroll Management in Tally Prime 7.0 Expected Enhancements, Current Features, and Future Scope  How to Change Current Period in Tally Prime Step-by-Step Guide for Users  Global Payroll Management with Tally Prime: How International Businesses Use It Beyond India «  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.