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Tax sops for broadband cos sought

Our Bureau

New Delhi , June 16

TELECOM industry has demanded that companies offering broadband services should be exempt from income tax for a period of 10 years in line with the policy being followed for other infrastructure facilities.

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has suggested that tax benefits for broadband services should be given to companies commencing services on or before 31 March 2006.

The industry body, supported by telecom companies like Reliance, Bharti and Tatas, has also suggested that all the plant, machinery, equipment, software and stores imported for the purpose of providing broadband services should be exempt from paying customs duty.

More Stories on : Budget | Broadband | Telecommunications

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