In the run up to the Union Budget 2016, Indian power producers have proposed to the government a slew of tax benefits to incentivise investments in the sector.
Independent Power Producers Association of India (IPPAI) in a letter to the ministries of finance, coal and power asked the government to extend a 10-year tax holiday to companies that start power generation by March 31, 2020.
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“Industry players have called for the extension of the sunset tax clause for power companies to include plants that provide power till March 2020 as opposed to 2017 earlier,” said the letter.
The association has also asked for minimum alternate tax to be reduced to 10 per cent. With regards to coking coal, IPPAI has asked for reduction in customs duty on it.
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