With efforts to usher in digitisation in the country, the government is mulling over a set of proposals including a 10-year tax holiday, duty exemptions, granting infrastructure status etc for the broadcasting industry. More intensive discussions are expected to take place in a meeting on Monday. "I&B ministry is considering certain cable industry demands, which includes a 10-year long tax holiday under Sec 81 (A) of the Income Tax Act so as to help improve broadcasting infrastructure. Another proposal being considered is the granting on infrastructure status in line with the telecom sector," said a senior government official. "There is also a proposal to enable carry forwarding of losses and incentives to take over loss making companies, customs duty exemption for Set Top Boxes (STB) and on new certain headend equipment," the official added.
Source: Hindustan Times
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