Nanotechnology Now

• About Us
  
  • Advertising
  • Our Mission
  • Our Team
  • Comments
  • Friends
  • Contact
• Nanotechnology
• News
  
  • Current News
  • Press Releases
  • Submit Press
  • Press kit
  • Interviews
• Columns
• Products
  
  • Our Products
  • Books
  • Featured Books
• Directories
  
  • Companies/Academic
  • Events
  • Glossary
  • Best Of
• Career Center
• Nano-Social Network
• Nano Consulting
• My Account

Home > News > Flooring the IT industry with MAT

February 28th, 2007

Flooring the IT industry with MAT

Abstract:
THE MEASURE: The budget proposes introducing the minimum alternate tax (MAT) for companies besides increasing the dividend distribution tax from 12.5% to 15% cent (effective rate at 17.25% as they have to pay 15% surcharge) and extending the fringe benefit tax (FBT) to employee stock options (ESOPs).

The finance minister has exempted from service tax all services provided by technology business incubators. Those incubatees whose annual business turnover does not exceed Rs 50 lakh will be exempted from service tax for the first three years.

He also provided a pass-through status to venture capital (VC) funds only in respect of investments in VC undertakings in areas like biotechnology, information technology relating to hardware and software development, nanotechnology, seed research and development.

Source:
business-standard.com

Bookmark:

Related News Press

Govt.-Legislation/Regulation/Funding/Policy

Beautiful "flowers" self-assemble in a beaker: Elaborate nanostructures blossom from a chemical reaction perfected at Harvard May 17th, 2013

Artificial Forest for Solar Water-Splitting: Berkeley Lab Researchers Report First Fully Integrated Artificial Photosynthesis Nanosystem May 17th, 2013

Moth-Inspired Nanostructures Take the Color Out of Thin Films May 17th, 2013

NIA Public Briefing: Nanotechnology and the Council of Europe May 17th, 2013

Investments/IPO's/Splits

Aspen Aerogels Announces $22.5 Million Private Placement May 18th, 2013

Harris & Harris Group Notes the Sale of a Second D-Wave Quantum Computer May 16th, 2013

Nanometrics Announces Upcoming Investor Events May 14th, 2013

Nanostart-holding New Asia Investments invests in breakthrough water projects May 13th, 2013

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals

Moth-Inspired Nanostructures Take the Color Out of Thin Films May 17th, 2013

Add boron for better batteries: Rice University theorists say graphene-boron mix shows promise for lithium-ion batteries May 17th, 2013

DNA-Guided Assembly Yields Novel Ribbon-Like Nanostructures: Approach could be useful in fabricating new kinds of materials with engineered properties May 16th, 2013

Advancements and developments of solid-state nanopores sensors May 16th, 2013

Human Interest/Art

Oh, Christmas tree, oh Christmas tree: A nano end for Christmas tree needles January 2nd, 2013

INIC Inks MoU to Apply Nanotechnology in Iran's Carpet Industry December 18th, 2012

IBN Welcomes Its First 9-Year-Old ‘Scientist’: IBN and Make-A-Wish Foundation Singapore Make Kidney Patient’s Dream Come True December 10th, 2012

The music of the silks: Researchers synthesize a new kind of silk fiber — and find that music can help fine-tune the material’s properties November 28th, 2012