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tax incentives News
Centre proposes tax incentives for foreign funds shifting to GIFT City
Sun, Sep 20, 2020
In a bid to attract off-shore funds to set up their base in India, the Centre has proposed tax incentives or foreign funds who decide to shift their base to International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT City).
Govt provides tax incentives for International Financial Services Centre
Fri, Feb 02, 2018
Presenting the Budget 2018, Jaitley proposed to exempt transfer of derivatives and certain securities by non-residents from capital gains tax.
Tax incentives needed to promote electric vehicles: Power Minister
Wed, Jan 24, 2018
Power Minister R K Singh today made a pitch for tax incentives for electric vehicles and said the ministry will soon come out with regulations for promoting e-mobility in the country.
Sebi not in favor of tax incentives for market investments
Sun, Apr 23, 2017
Sebi is having a relook at incentives that are given to mutual fund companies for going to tier-2 and tier-3 cities.
Odisha govt withdraws tax sops to Indian Oil Corp's Rs 34,555 crore Pradip refinery
Sun, Feb 26, 2017
"IOC had invested about Rs 50,000 crore in Paradip refinery on the Odisha coast and in associated projects (like pipelines and port). We had plans for more investment, especially in downstream petrochemical projects and refinery expansion, considering the incentives given by the state. But in the present scenario, future investment options will require to be reassessed," he said.
Govt rules out tax incentive beyond Rs 2 lakh for second home
Sat, Feb 04, 2017
"Government resources are very very limited. The question is should the government be subsidising first-time home owners who are occupying own house or should the government be subsidising the second acquisition of the property by people who have got surplus money to invest in real estate," Adhia said while addressing industry representatives here.
Budget 2017: IT companies expect govt to support R&D practices, Digital India, tax rebates
Fri, Jan 27, 2017
IT companies expect the government to announce support for research and development (R&D) practices, Digital India, tax rebates and concessions for new-age technological innovations, among others in Budget 2017.
FMCG companies expect Budget 2017 to be growth oriented to boost demand
Thu, Jan 26, 2017
After taking a demonetisation hit, fast moving consumer goods (FMCG) companies are pinning hopes on a growth oriented Budget to see a revival in consumer confidence and create demand both in urban and rural markets.
Budget 2017: Industry, experts want corporate tax slashed to 25%
Mon, Jan 23, 2017
In a bid to attract more investments in the country, both India Inc and analysts are looking for an immediate cut in the corporate tax to bring it down to 25% in the upcoming Union Budget 2017-18 from the current 30%.