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Welcome To IANS Live - LatestNews - SCAI seeks financial waiver, easing of IT norms in budget

Photo Credit: IANS IANSLive New Delhi, Jan 28 (IANS) The Shopping Centres Association of India (SCAI) has sought financial waivers, a loan moratorium for the sector along with easing of income tax norms in the upcoming Union Budget. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 28-January-2021

Shopping centres, malls seek relief in upcoming Budget - The Hindu BusinessLine

Shopping centres, malls seek relief in upcoming Budget January 26, 2021 Pitch for GST rationalisation, finalisation of retail policy Ahead of the Union Budget, the Shopping Centres Association of India (SCAI) has urged the government to offer financial relief to the industry through GST rate rationalisation, loan waivers, income tax deductions and relaxation in compliance norms. In its representation to the Finance Ministry, the industry body, which represents malls and shopping centres, has called for tax holidays for construction of shopping malls and said that an amendment is required in Section 80-ID of the Income Tax Act to “allow deduction in respect of profits and gains from business of malls”, which have been constructed in specified areas.

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