DTC to keep profit-linked sops for infrastructure In the final version of the Direct Taxes Code (DTC), finance minister P Chidambaram is likely to incorporate many of the dilutions introduced by his predecessor Pranab Mukherjee to avoid unpleasant surprises to corporate tax payers. So, profit-linked incentives would continue for infrastructure sectors while these would be terminated for others, minimum alternate tax (MAT) would be applied on book profits rather than on gross assets, small savings would continue to be tax-exempt at all stages and existing special economic zone (SEZ) units might continue to enjoy tax breaks for the balance period.
Posted on: Mon, 08 Jul 2013 09:30:01 +0000