Facing huge fiscal deficits and coalition-government pressures, India’s new Indian Finance Minister Palaniappan Chidambaram is refusing to grant requested tax concessions to the country’s auto industry. But in his budget for the next nine months, he does grant a 150% tax deduction for technology and research and liberalized depreciation rules on plants (from 25% to 40%). He also promises rationalization of the tax system in future budgets. Nevertheless, the auto industry’s wish list ...
Premium Content (PAID Subscription Required)
"New Government Denies Tax Concessions to Indian Auto industry" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642