Budget 2013 Factbox: Expectations from P. Chidambaram
May extend tax breaks for new oil refineries and projects
* May implement export tax on value-added oilmeal products
COMPANIES
* Auto industry hopes for excise duty cut on small cars to 10 percent from 12 percent* Budget may impose additional duty on diesel cars and utility vehicles
* Roadmap expected for capital infusion into state-owned banks
* IT services providers hope for clarity around transfer pricing norms, foreign tax credit and refund of service tax claims
* Telecommunications companies lobby for reduction in levies and tax breaks
* Real estate sector wants tax concessions and other fiscal benefits to builders, financiers and buyers of affordable housing
* Retail and consumer goods companies want industry status and an independent ministry set up for retail as well as a cut in rate of service tax on commercial property rent
* Budget may propose increase in excise duty for cement makers
* May remove import duty on thermal coal and introduce tax-free bonds for power sector($1 = 54.1 Indian rupees)
Be the first to comment.



