Tuesday, March 11, 2008

India Tax News 11 March 2008


Loan waiver half Budget estimate
Business Standard - Mumbai,Maharashtra,India
According to data culled from the Reserve Bank of India's Trend and Progress of Banking in India, apart from the Rs 10000-crore overdues from all farmers in ...
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India may lose global support for patent laws
Economic Times - Gurgaon,Haryana,India
Fiscal incentive (150% weighted deduction of R&D spend on computing income tax liability) has been another kind of government support. ...
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Budget '08 will make the world look at India's model of development
Economic Times - Gurgaon,Haryana,India
However, in the past, we have witnessed a proactive and extremely supportive initiative taken by the Government when a similar tax on bond markets was ...
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India's Industrial Output Growth Probably Quickened in January
Bloomberg - USA
Finance Minister Palaniappan Chidambaram said last week that his budget plan to cut duties and reduce the tax burden on individuals will spur demand and ...
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No decision on STPI tax holiday
The Statesman - Kolkata,India
KOLKATA, March 10: The year 2009 being the last year for the Software Technology Parks of India (STPI) to enjoy tax holiday, members of the Bharat Chamber ...
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Is income-tax holiday over for natural gas?
Sify - Chennai,Tamil Nadu,India
New Delhi: Is the finance ministry withdrawing the existing seven-year income tax holiday in exploration and production of natural gas? ...
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INDIA: Sales slow ahead of tax cuts
just-auto.com (subscription) - Bromsgrove,England,UK
Car sales in India grew just 2.3% year on year in February as customers put off purchases expecting a cut in taxes in the federal budget. ...
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Tax holiday withdrawal will hurt profitability: IOC
Hindu - Chennai,India
When there is an intent to make India a refining hub, why are we robbing it of tax incentives that are crucial for the survival of the units," he said.
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India's February Car Sales Rise at Slowest Pace in Two Years
Bloomberg - USA
India's car tax was as high as 32 percent in 2003. Tata Motors Ltd. plans to begin selling the Nano, set to become the world's cheapest automobile, ...
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Why not a pro-people budget? Chidambaram cannot propel growth
Organiser - New Delhi,India
The tax system would need to have accepted that the people of India are not the crooks and children that they were treated as by the British raj and since, ...
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