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Saturday, 25 June 2011
Toyota India gets extra tax concession from Karnataka government
The Karnataka government on Thursday increased the tax concession on Toyota for its second plant in India. Reporters were told by cabinet minister V.S. Acharya that the cabinet has decided to give 9 crores tax relief to the Toyota joint venture on imports of tools and machinery. The value of all these things counts to Rs. 450 crore. He also informed that with this the cumulative tax concession given to the company the total concession during the last 2 years will amount to Rs. 89 crore. Vcommindia News
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