Tax holiday extended to broadband, ISP firms

It's good news for companies setting up new units for telecom, ISP, and broadband projects. The five-year tax holiday -available to telecom undertakin...

Foreign Telecasting Companies to pay taxes on par with domestic telecasting cos

The Budget proposal have come as a blow for private television companies which were enjoying benefits under the guise of Foreign Telecasting Companies...

Foreign TV channels integrated fully into the Indian Tax system

Foreign TV channels has been finally integrated fully into the Indian tax system. They will now be taxed according to the provisions of the Income-tax...

Budget expected to increase volume of demand in ICE sector

The ICE sector has broadly expressed satisfaction over the budget proposals, which may increase the volume of demand and improve the availability of b...

Budget triggers massive buying in Media, tech and select old economy stocks

The budget announcement triggered off a massive bout of buying in tech and select old economy stocks. The Sensex gained sharply and closed 177 points...

Converging on customs duties

With Mr. Yashwant Sinha converging on customs duties, Budget 2001 has drawn a spectrum of reactions: the media and entertainment industry is thrilled,...