« Top Headlines » Open DEMAT Account in 24 hrs  ITR filing deadline extension now demanded by this Tax Bar Association due to many issues including technical glitches with ITR portal  GST Rule Changes for FY 2025 26  Income tax return filing 2025: Five ITR mistakes that can trigger an income tax notice in 2025  ITR filing What is updated income tax return and ITR U Who can file & what you can t change - top points to know  Shifted to new tax regime? Here are 5 investments you shouldn't drop  Auditing and Assurance Standards Board Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects. «  Errant manufacturers in for taxing times... Cabinet to look into amendment... » Telecom industry for tax holiday November, 21st 2006 The telecommunications industry will seek a 10-year tax holiday and an additional depreciation of 15 per cent for telecom equipment in the forthcoming Union Budget for 2007-08.    The industry will also ask for an exemption of interconnect usage charges from service tax and franchisees of telecom companies like public call office operators from tax deducted at source.    Rationalisation of licence fee to a uniform rate of 6 per cent of average gross revenue, which differs from place to place, increase in depreciation of broadband customer premises equipment to 60 per cent, an additional depreciation of 15 per cent on telecom equipment (20 per cent at present) are the sops that the industry is seeking from the ministry of finance.