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Owing to its distance from the Hindi-speaking areas of North India, the newspaper had difficulty in finding subscribers. [10] The publisher tried to get government subscription, and patronage in the form of postal fee exemption for eight newspapers to be posted to North India.
Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise; 100% import and export tax exemptions; 100% repatriation of capital and profits; Corporate tax exemptions for up to 50 years; No personal income taxes; Assistance with labor recruitment, and additional support services, such as sponsorship and housing.
From 2012, service tax is imposed on all services, except those which are specifically exempted under law(e.g. Exempt under Negative List, Exempt as exclusion from Service definition as per Service Tax, Exempt under MEN(Mega exemption notification)).
The Indian Tolls (Army & Air Force) Act, 1901 [2] is a Law enacted by the Parliament of India and introduced by the Ministry of Defence to deal with exemption of toll charges where applicable for regular armed forces including all family members of Indian Armed Forces extending from Indian Army to Central Armed Police Forces.
Maharashtra has 64 multiplexes and 549 single-screen theatres. The cabinet has also approved to give a five-year tax exemption to single-screen theatres under municipal councils and a seven-year exemption in rural areas. [8] [9] Service tax is 12.36% and Maharashtra VAT is 5% on non-theatrical. The total tax in Maharashtra is 45% as ...
DEPB (Duty Entitlement Pass Book ) is an export incentive scheme of Indian Government provided to Exporters in India. [1]Duty Entitlement Pass Book Scheme (DEPB) is an export incentive scheme.
For the assessment year 2016–17, individuals earning up to ₹ 2.5 lakh (US$2,900) were exempt from income tax. [14] About one percent of the population, the upper class, falls under the 30-percent slab. It increased by an average of 22 percent from 2000 to 2010, encompassing 580,000 income-tax payers.
Tax exemption generally refers to a statutory exception to a general rule rather than the mere absence of taxation in particular circumstances, otherwise known as an exclusion. Tax exemption also refers to removal from taxation of a particular item rather than a deduction. International duty free shopping may be termed "tax-free shopping". In ...