New Delhi, January 04: Considering that costs pertaining to finance, energy and logistics/transportation constitute major portion of consumer electronics sector, apex industry body ASSOCHAM has recommended to the Union Government to allow weighted deduction of 150-200 per cent of the actual cost on specified components.
“Further, these costs are auditable and duly included in the financial statements of a company,” noted the ASSOCHAM pre-budget recommendations on direct taxes submitted to the Centre.
With a view to revive private investments in the electronics sector, ASSOCHAM has suggested that venture capital pool may be initiated and coordinated by a bank/special purpose vehicle (SPV) or under public-private partnership (PPP) mode.
United News Of India
