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SUNSET PROVISION
Govt extends anti-dumping duty on aluminium foil imported from China & 3 other nations till DecemberIndia has extended anti-dumping duties on aluminium foil imports. The measure will remain in effect until December 15, 2026. This decision ...- New York, California pension leaders oppose 'extreme' SpaceX control structureUS pension funds are raising significant red flags regarding SpaceX's imminent entry into the stock market. Leaders from California and New...
- Finance Ministry caps outlay for schemes pending 16th Finance Commission approvalThe move was initiated after many ministries were not able to complete the mandatory appraisal of schemes by the March 31 deadline. The Cen...
- 'Women can be arrested even after sunset...': HC gives important rulingMadras High Court clarified that the legal restrictions on the arrest of women after sunset and before sunrise are directory, not mandatory...
- Law ministry pitches for sunset clause in certain bills; makes it part of 100-day agendaThe legislative department in the ministry has made "sunset clause" in new legislative proposal a part of its 100-day agenda, saying steps ...
- Government to allow SEZ services' units to accept payments in rupee from DTA playersAt present, domestic firms are required to pay in foreign exchange for services rendered by a SEZ unit. However, this norm is not applicabl...
- Companies strategise to avail MAT credit, benefit from lower corporate taxSome of the largest cos that have thousands of crores lying on their balance sheets in the form of unused MAT credit are looking to go for ...
- Talks on to extend SEZ sunset clauseCommerce and revenue departments have initiated discussions on extending the sunset clause for the scheme that ends March 31, 2020.
- IndiaTech proposes extending sunset clause in differential voting rightsThe advocacy group has also recommended exempting tech founders from complying with the minimum promoters’ contribution requirement, set at...
- Inox bans film after Ronnie Screwvala takes multiplexes to regulatorHe said Inox, the second largest multiplex chain in India, refused to show his film till he withdraws the complaint.
- Baba Kalyani-led panel suggests import substitution in manufacturing SEZsThe committee’s report was made public on Tuesday and the commerce department has sought stakeholders' views on it by January 30.
- Commerce ministry seeks stakeholders' views on report to revive SEZsSEZs, which once contributed significantly in the country's exports, started losing sheen after the government decided to roll back tax inc...
- Co-working, tech firms drive office leasing in 2018 to record 47.4 mn sq ft across 9 cities: CBRESupply of office space rose 17 per cent to 34.9 million square ft during 2018, the consultant said in a report released Monday.
- Heavy Industries Ministry proposes import duty cuts on more electric vehicles partsAt present, key components for EVs, including battery, controller, charger, converter, energy monitor, electric compressor and motor, attra...
- India unveils road map to lower corporate tax to 25%; plan to bring rate closer to international levelsThe plan, as promised by FM in his budget speech, aims to declutter the law that has been laden with exemptions leading to a rise in abuse ...
- CBDT proposes roadmap for elimination of tax exemptionPreparing the ground for gradual reduction of corporate tax to 25% from 30%, the Finance Ministry proposed a roadmap for ending various tax...
- Govt may not extend sunset clauses for tax exemptionGovernment may not extend sunset clauses with regard to tax exemption and phase out investment- linked and area based deductions as part of...
- Government releases roadmap for phasing out corporate tax exemptions; no weighted deductions from April 1, 2017CBDT has said profit linked, investment linked and area based deductions will be phased out for both corporate and non-corporate tax payers.
- MAT will become irrelevant once tax exemptions are gone: CBDTIn the Budget speech Jaitley proposed to bring down basic rate of Corporate Tax to 25 per cent from 30 per cent in the next four years.
- Budget 2011: COAI for continuing tax holiday benefits in case of M&AsCellular Operators Association of India (COAI) has demanded that tax holiday benefits in case of mergers/ amalgamations be continued.
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