Budget 2015


Union Budget 2015 India Predictions: Bring ATF under declared goods, expect MRO tax sops

Aviation companies are hoping for tax incentives for maintenance, repair and overhaul (MRO), in the upcoming Union Budget

The Civil Aviation Ministry on its part has already pitched for the same and also called for easing of customs norms for the Indian MRO industry. The ministry believes this will make domestic units economically viable, while also giving a fillip to Prime Minister Narendra Modi’s ‘Make in India’ campaign.


Union Budget 2015-16 Predictions : MAT removal, infra status to boost oil, gas sector

Oil exploration and refining companies are hoping that that the government will extend tax holiday benefit to 10 years from the current 7 years. The tax holiday is available only to blocks assigned in Nelp-VIII and coal bed methane round (CBM IV).

The industry is hoping that exploration and refining would get infrastructure status. The industry is also hoping for exemption from the 18.5 percent Minimum Alternate Tax.


Union Budget 2015-16 Suggestion : Infra funds, zero MAT to boost sector returns

Removal of Minimum Alternate Tax from infrastructure projects is key to improving returns on infrastructure projects, says brokerage house Morgan Stanley in its Budget expectations report.

It has suggested setting up of more infrastructure funds to ease the problem of inadequate capital that is choking infrastructure companies. It has also suggested removal or reduction in the inverted duty structure in some capital goods sector.

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