Jaitley's 10% tax on income from carbon credits a mixed bag

daya's picture
Submitted by daya on Fri, 2017-02-03 15:37

The Finance Bill proposes to levy a tax of 10% on income earned on transfer of carbon credits. Such a tax will be levied on the gross income, without allowing for any deductions.

Name of the Newspaper: 
Times Of India (New Delhi)
thesaurus: 
Climate Change
Budget
Carbon Dioxide
High Court
Renewable Energy
Green House Gases
Energy Efficiency
Author: 
Lubna Kably
Ranjani Ayyar
Main Topic: 
Climate Change
Mark Content Private(Internal): 
Clipping Type: 
DNB
IGF
External URL: 
http://epaperbeta.timesofindia.com/Article.aspx?eid=31808&articlexml=Jaitleys-10-tax-on-income-from-carbon-credits-03022017024018
Publication Date: 
03/02/2017