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ANI |
Updated: Jan 29, 2021 13:35 IST
By Shailesh Yadav
New Delhi [India], January 29 (ANI): Ahead of the upcoming Union Budget to be presented on February 1 exporters bodies have made a presentation to Finance MinisterNirmala Sitharaman and are waiting eagerly for a favourable Budget.
They had made a presentation to the Finance Minister for tax deductions on product development and Research and Development, Income Tax rate reduction for non-corporates, double tax deduction scheme for internationalisations and deemed export status to Indian industry under the global bidding of procurement.
The Federation of Indian Export Organisations (FIEO) and Apparel Export Promotion Council (AEPC) in their presentation to the government have suggested to bring a Double Tax Deduction Scheme for Internationalizations to allow exporters to deduct against their taxable income, twice the qualifying expenses incurred for approved overseas ac ....

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