Revisting Issues Related to Direct Tax Regime: Indian Aviation Companies' Perspective

34 Pages Posted: 25 Jul 2019 Last revised: 15 Aug 2019

Date Written: July 23, 2019

Abstract

Owing to skyrocketing losses borne by Indian aviation sector it has become indispensable to take stock of all factors which are contributing to this gargantuan losses. As one of the factors causing this gnarly losses is direct tax problems accosted by aviation sector, this paper will highlight the ambiguities in the existing provisions of Income Tax Act, 1961 faced/to be faced by Indian aviation companies and will submit some suggestions with the aim to secure interest of Aviation Companies. Moreover, this paper will also pitch for the revival of some of those provisions of the said Act which has got expired which if revived would surely advance interest of those business entities dealing in aviation sector.

Keywords: Aviation Turbine Fuel(ATF), Aviation Company, Aviation Market, Deduction, Depreciation, Loan, POEM, PGBP, Fair Market Value

Suggested Citation

Jha, Vijay Shekhar, Revisting Issues Related to Direct Tax Regime: Indian Aviation Companies' Perspective (July 23, 2019). Available at SSRN: https://ssrn.com/abstract=3425355 or http://dx.doi.org/10.2139/ssrn.3425355

Vijay Shekhar Jha (Contact Author)

Independent ( email )

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