Budget 2013 Factbox: Expectations from P. Chidambaram

Comments print
Reuters:  Feb 28 2013, 10:23 IST
Finance ministry.jpg
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)

Ads by Google
   Previous | 1 | 2 | 3
Previous Story  Strides Arcolab shares sink on dividend worries Next Story  Spending cuts to hit US economy, weaken global economy: Barack Obama
Reader's Comments| Post a Comment

Be the first to comment.

Post your Comment

Your email address will not be published. Required fields are marked *

Name *
Email *
Message *
 
captcha
please enter the above characters in the box below