12Feb

Union Budget 2015 India Expectation: Need clarity on weighted deduction on R&D spend for IT

Clarity with respect to eligibility of IT/ITES companies for weighted deduction on R&D expenditure will help encourage investments in R&D, says a Care Ratings report on pre-Budget expectations.

It also expects deduction under Section 32AC to be extended to IT/ITES. Care says the companies are allowed a deduction of 15 percent on cost of investments. Such reduction in book profits will give the companies benefit of investments.

Infosys stock price

On February 12, 2015, at 10:07 hrs Infosys was quoting at Rs 2287.80, up Rs 0.60, or 0.03 percent. The 52-week high of the share was Rs 4401.00 and the 52-week low was Rs 1447.00.

The company’s trailing 12-month (TTM) EPS was at Rs 104.69 per share as per the quarter ended December 2014. The stock’s price-to-earnings (P/E) ratio was 21.85. The latest book value of the company is Rs 366.51 per share. At current value, the price-to-book value of the company is 6.24.

11Feb

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.

11Feb

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.

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