« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Defining FDI... Govt collects over Rs 1 lakh crore from direct taxes... » Cruise ship charters likely to get tax sops October, 05th 2007 In a bid to promote cruise ship tourism in the country, the government is planning to offer major tax exemptions to Indian firms chartering cruise ships. This is part of the countrys first ever cruise ship policy already circulated to various ministries. We have proposed to give various incentives including tax breaks to the cruiseliners. The policy is likely to be finalised in a couple of months, a shipping ministry official said. The ministry has also planned to build dedicated cruise terminals of international standards all across the west coast of the country. According to an estimate, the total number of cruise tourists all over the world stands at 15 million, of which Indian tourists comprise just 1% or 1.5 lakh. The total number of cruise passengers in the Asia-pacific region is projected to grow by more than 40% to 1.5 million by 2010. About 75% cruise tourists in India go for small voyages such as four nights and six nights. Unlike in India, cruise tourists in countries such as the US, the UK and Canada go for longer voyages ranging from three months to four months. Cruiseliners in India generally charge Rs 5,000 to Rs 10,000 a night depending upon different ticket categories. Infrastructure related hurdles such as inadequate terminal facilities for cruise ships have been a major hurdle in the growth of cruise tourism in the country. There is just one dedicated cruise terminal at Mumbai in the country and that too is very difficult to access as you have to take at least 15 permissions before reaching the terminal, Royal Caribbean India representative Gautam Chadha said. But once the necessary infrastructure and conducive tax regime are in place, the sector would be on fast track, he added.