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PM Modi Invites Global Companies To Invest In India's Fast-Growing Aviation Sector
Prime Minister Narendra Modi on Monday invited global companies to invest in the country's fast-growing aviation sector, citing a streamlined regulatory framework, ease of compliance, and a simplified tax structure.
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IndiGo Posts Highest Q4 Profit Of Rs 3,068 Crore On Strong Air Travel Demand
InterGlobe Aviation, the parent of the country's largest airline, IndiGo, on Wednesday posted its highest ever fourth-quarter profit after tax of Rs 3,067.5 crore, mainly helped by strong air travel demand.
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Is Digi Yatra Data Being Used To Identify Tax Evaders? Centre Clarifies
The Centre today refuted a report that said passengers' data from the Digi Yatra application was being used to crack down on tax evaders.
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Government Implements Uniform 5% Tax For All Aircraft, Engine Parts
Union Civil Aviation Minister Kinjrapu Rammohan Naidu has announced the implementation of a uniform IGST rate of 5 per cent on all aircraft and aircraft engine parts, effective from Monday.
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Centre Requests Tamil Nadu To Reduce Tax On Aviation Turbine Fuel
The Centre has requested the Tamil Nadu government to reduce the value added tax charged on aviation turbine fuel in line with the other states and to boost air connectivity, Union Minister of Civil Aviation Jyotiraditya M Scindia said on Saturday.
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Cheap Tickets To Stay As Airlines Squabble Over Fare Hikes
Top airline bosses agreed on many things at the Wings India airshow in Hyderabad last month: taxes should be reduced and airport capacity must be ramped up. But there's one thing they couldn't settle upon.
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Tripura Reduces Tax On Aviation Fuel
Tripura Cabinet has decided to reduce share of Value-Added Tax (VAT) levied on Aviation Turbine Fuel from 16 per cent to 1 per cent expecting better air traffic at Maharaja Bir Bikram Airport Agartala soon after it gets international airport status.
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Talking To States To Reduce Value Added Tax On Jet Fuel: Union Minister VK Singh
The aviation ministry is talking to different states urging them to reduce the Value Added Tax (VAT) on aviation turbine fuel (ATF), Minister of State for Civil Aviation, Road Transport and Highways VK Singh said Thursday.
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Domestic Air Travel To Turn Costlier From June 1: Ministry
Flights within the country are set to become costlier as the Ministry of Civil Aviation (MoCA) has decided to raise the lower limit on domestic airfares from 13 per cent to 16 per cent, which will come into effect from June 1.
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10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
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Budget 2019 Updates: "Budget Presented With 10 Year Vision In Mind," Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, presenting the Union Budget, said that non-resident Indians (NRIs) may get Aadhaar cards on arrival, without the mandatory waiting period. The government is contemplating enhancing foreign direct investment (FDI) in media and aviation sectors, Ms Sitharaman said today while presenting her first budget. Ms Sitha...
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Income Tax Department Files 11 Chargesheet Against Deepak Talwar
The Income Tax Department has filed as many as 11 charge sheets against corporate aviation lobbyist Deepak Talwar for alleged tax evasion by him and his companies, official sources said on Tuesday.
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After Rafale Deal, Huge Tax Waiver For Anil Ambani's French Firm: Report
France waived taxes worth 143.7 million euros to a French-registered telecom subsidiary of Anil Ambani's Reliance Communications in 2015, months after India's announcement of buying 36 Rafale jets, French newspaper Le Monde reported today.
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Haryana To Reduce VAT On Jet Fuel Under Regional Connectivity Scheme
The Haryana government today decided to reduce value added tax rate on sale of aviation turbine fuel (ATF) to 1 per cent from 20 per cent at airports notified under the regional connectivity scheme (RCS).
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Sweden Introduces Eco-Friendly Aviation Tax
Sweden introduced a new aviation tax on Sunday that will add an extra charge to all passenger flights from the country in a bid to lessen air travel's impact on the climate.
-
PM Modi Invites Global Companies To Invest In India's Fast-Growing Aviation Sector
Prime Minister Narendra Modi on Monday invited global companies to invest in the country's fast-growing aviation sector, citing a streamlined regulatory framework, ease of compliance, and a simplified tax structure.
-
IndiGo Posts Highest Q4 Profit Of Rs 3,068 Crore On Strong Air Travel Demand
InterGlobe Aviation, the parent of the country's largest airline, IndiGo, on Wednesday posted its highest ever fourth-quarter profit after tax of Rs 3,067.5 crore, mainly helped by strong air travel demand.
-
Is Digi Yatra Data Being Used To Identify Tax Evaders? Centre Clarifies
The Centre today refuted a report that said passengers' data from the Digi Yatra application was being used to crack down on tax evaders.
-
Government Implements Uniform 5% Tax For All Aircraft, Engine Parts
Union Civil Aviation Minister Kinjrapu Rammohan Naidu has announced the implementation of a uniform IGST rate of 5 per cent on all aircraft and aircraft engine parts, effective from Monday.
-
Centre Requests Tamil Nadu To Reduce Tax On Aviation Turbine Fuel
The Centre has requested the Tamil Nadu government to reduce the value added tax charged on aviation turbine fuel in line with the other states and to boost air connectivity, Union Minister of Civil Aviation Jyotiraditya M Scindia said on Saturday.
-
Cheap Tickets To Stay As Airlines Squabble Over Fare Hikes
Top airline bosses agreed on many things at the Wings India airshow in Hyderabad last month: taxes should be reduced and airport capacity must be ramped up. But there's one thing they couldn't settle upon.
-
Tripura Reduces Tax On Aviation Fuel
Tripura Cabinet has decided to reduce share of Value-Added Tax (VAT) levied on Aviation Turbine Fuel from 16 per cent to 1 per cent expecting better air traffic at Maharaja Bir Bikram Airport Agartala soon after it gets international airport status.
-
Talking To States To Reduce Value Added Tax On Jet Fuel: Union Minister VK Singh
The aviation ministry is talking to different states urging them to reduce the Value Added Tax (VAT) on aviation turbine fuel (ATF), Minister of State for Civil Aviation, Road Transport and Highways VK Singh said Thursday.
-
Domestic Air Travel To Turn Costlier From June 1: Ministry
Flights within the country are set to become costlier as the Ministry of Civil Aviation (MoCA) has decided to raise the lower limit on domestic airfares from 13 per cent to 16 per cent, which will come into effect from June 1.
-
10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
-
Budget 2019 Updates: "Budget Presented With 10 Year Vision In Mind," Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, presenting the Union Budget, said that non-resident Indians (NRIs) may get Aadhaar cards on arrival, without the mandatory waiting period. The government is contemplating enhancing foreign direct investment (FDI) in media and aviation sectors, Ms Sitharaman said today while presenting her first budget. Ms Sitha...
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Income Tax Department Files 11 Chargesheet Against Deepak Talwar
The Income Tax Department has filed as many as 11 charge sheets against corporate aviation lobbyist Deepak Talwar for alleged tax evasion by him and his companies, official sources said on Tuesday.
-
After Rafale Deal, Huge Tax Waiver For Anil Ambani's French Firm: Report
France waived taxes worth 143.7 million euros to a French-registered telecom subsidiary of Anil Ambani's Reliance Communications in 2015, months after India's announcement of buying 36 Rafale jets, French newspaper Le Monde reported today.
-
Haryana To Reduce VAT On Jet Fuel Under Regional Connectivity Scheme
The Haryana government today decided to reduce value added tax rate on sale of aviation turbine fuel (ATF) to 1 per cent from 20 per cent at airports notified under the regional connectivity scheme (RCS).
-
Sweden Introduces Eco-Friendly Aviation Tax
Sweden introduced a new aviation tax on Sunday that will add an extra charge to all passenger flights from the country in a bid to lessen air travel's impact on the climate.
