« 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 «  I-T raids at 10 places in Batala... RBI warns against realty asset bubble... » Power bonds up to Rs 50,000 may be tax-free December, 06th 2007 Vidyut Vikas Patras mulled to mobilise savings. With an eye on channelising domestic savings into the power sector, the finance ministry is considering granting income-tax exemptions for individual investments up to Rs 50,000 in power infrastructure bonds.   It is also considering issuing vidyut vikas patras as a small saving instrument to mobilise savings to meet the envisaged funding gap of Rs 4,50,650 crore for the sector during 2007-12.   The measures are being discussed by the finance and power ministries for inclusion in the forthcoming Budget.   Among other proposals, the power ministry has suggested tax exemptions on profits from energy-saving efforts by companies.   It has also proposed rationalisation of the current duty structure on equipment and fuels to reduce the cost of power for consumers. It has sought lower excise and countervailing duty as well.   It has also asked for only two rates of Customs duties, one for imports for mega power projects and the second for others. This duty structure should also be applicable on transmission equipment, the ministry has said.   To give a fillip to the rural electrification programme under Bharat Nirman, the power ministry has sought complete excise and Customs duty waiver for equipment for decentralised distributed generation projects (up to 5 Mw). It has also sought to exempt franchises engaged in management of rural distribution system from service tax.   The ministry has also recommended including the power sector in the category of infrastructure facility to ensure tax exemption to operation and maintenance bodies.   It has also sought restoration of the pass-through status to venture capital funds for the sector. The pass-through status was withdrawn in the 2007-08 Budget.