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Home > News > Jaitley's 10% tax on income from carbon credits a mixed bag > Jaitley's 10% tax on income from carbon credits a mixed bag

Jaitley's 10% tax on income from carbon credits a mixed bag [1]

The Finance Bill proposes to levy a tax of 10% on income earned on transfer of carbon credits. Such a tax will be levied on the gross income, without allowing for any deductions.

Publication Date: 
03/02/2017
Lubna Kably [2], Ranjani Ayyar [3]
Times Of India (New Delhi) [4]
Tags:
Climate Change [5], Budget [6], Carbon Dioxide [7], High Court [8], Renewable Energy [9], Green House Gases [10], Energy Efficiency [11]

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Source URL: http://admin.indiaenvironmentportal.org.in/news/jaitleys-10-tax-income-carbon-credits-mixed-bag

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/jaitleys-10-tax-income-carbon-credits-mixed-bag
[2] http://admin.indiaenvironmentportal.org.in/category/author/lubna-kably
[3] http://admin.indiaenvironmentportal.org.in/category/author/ranjani-ayyar
[4] http://admin.indiaenvironmentportal.org.in/category/newspaper/times-india-new-delhi
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/budget
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-dioxide
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/high-court
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/green-house-gases
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-efficiency