DDT to REIT:

Confederation of Indian Industries (CII) seek that DDT exemption which is levied at the Special Purpose Vehicles (SPV) level at present be shifted to Real Estate Investment Trusts (REITs). To encourage real estate and boost infrastructure this amendment is considered important.

Slash MAT: Minimum Alternate Tax ('MAT') is the concept emerged to tax the ‘zero tax companies’ which show book profits and declare dividends to the shareholders but were not paying tax. So MAT is the way to make zero tax companies pay minimum tax costs.

Companies opine that this tax has steadily increased in the past few years. Therefore many corporates are hoping for a reduction in MAT to 10 percent from the present 18.5 percent. MAT must be relaxed on eligible businesses to attract more industrial and infrastructural investments.

Include CSR Deduction: Corporate Social Responsibility (CSR) is not mere charity but it is part and parcel of conducting business by which corporate entities visibly contribute to the social good. It is therefore recommended that a deduction of CSR expenses incurred by the taxpayers pursuant to provisions of the Companies Act should be allowed under Section 37 of Income Tax to calculate business income.

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