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As On 28-Sep-2022 EOD, Market Closed
SENSEX
56,598.28
-509.24 (-0.89%)
NIFTY
16,858.60
-148.80 (-0.87%)
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  • Hotel Association Of India Recommends Raising Depreciation Rate For Hotel Buildings From 10% to 35%

    Hotel Association of India (HAI), recently submitted its suggestions for the union budget of 2022-23 to the ministry of finance. The association wants a higher rate of depreciation. It also wants business losses to be allowed to be carried forward for up to 12 years instead of eight financial years and urges that hotels to be accorded an infrastructure industry status.The delegation has recommended a higher depreciation rate for hotel Buildings from 10% to 35%. The association said the capital expenditure in plant and machinery is allowed at 15% + 20% (additional depreciation). In comparison, hotels buildings, which comprise of 70% of the project cost only get deprecation at 10%. They have also asked to bring petroleum products and alcohol under the GST net from excise and have sought an increase of the SEIS rate of rewards.



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Flash News 28-Sep-2022
  •  ( 15:49) Benchmarks slide for 6th session, Sensex drops 509 pts, Nifty settles at 16,858.60  
  •  ( 15:08) JSW Steel corrects over 10% in six days  
  •  ( 14:35) Sensex slips 301 pts, Nifty below 16,950 mark, metal stocks lose shine  
  •  ( 13:31) Benchmarks trade with minor cuts; European mrkt opens lower  
  •  ( 12:56) Krsnaa Diagnostics to foray into retail healthcare services  
  •  ( 12:18) Adani Enterprises raises Rs 100-cr through issue of NCDs  
  •  ( 12:01) John Cockerill gets Rs 160-cr order from Jindal Steel Odisha  
  •  ( 11:34) Nifty above 16,950 mark, breadth positive  
  •  ( 11:34) L&T energy bags ‘significant' contract from Assam Govt  
  •  ( 10:56) PFI banned for 5 years in India  
  •  ( 10:49) Power Grid appoints G. Ravisankar as CFO  
  •  ( 10:48) Axis Bank enters into non-binding agreement with Go Digit Life for 9.94% stake  
  •  ( 10:37) MaxVIL subsidiary onboards New York Life as co-investor for Noida project  
  •  ( 10:33) Indices trim early losses, Sensex slides 207 pts, Nifty above 16,900 level  
  •  ( 10:18) GOCL Corp sells 12.25 acre Hyderabad land for Rs 125.11 cr  
  •  ( 09:50) Motherson Sumi Wiring board to mull bonus issue  
  •  ( 09:40) CreditAccess Grameen boards OKs allotting NCDs worth Rs 60 crore  
  •  ( 09:33) Indices slide in early trade, breadth weak  
  •  ( 09:26) Torrent Pharma acquires Curatio Healthcare for 2000 cr  
  •  ( 09:18) LIC buys over 2% stake in state-owned BPCL  
  •  ( 08:33) Asian stocks trading lower  
  •  ( 08:19) IFCI board OKs upto Rs 100-cr preferential issue to Govt  
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28 September 2022 00:00
3571.20
(2.90 %)
716.35
(-2.84 %)
7202.15
(-0.54 %)
1651.05
(-1.70 %)
761.40
(0.11 %)
4267.20
(2.03 %)
2243.95
(-2.02 %)
922.80
(0.50 %)
1388.25
(-1.85 %)
2698.95
(0.75 %)
849.20
(-0.43 %)
1141.45
(-1.97 %)
1394.45
(0.16 %)
324.90
(-2.97 %)
1791.65
(-0.53 %)
1833.10
(-0.38 %)
1242.65
(0.56 %)
8716.20
(-0.64 %)
18860.25
(0.99 %)
158.25
(-0.53 %)
207.80
(1.42 %)
2332.10
(-2.64 %)
525.30
(-2.04 %)
918.15
(2.37 %)
95.25
(-2.41 %)
3037.35
(0.62 %)
1029.60
(0.69 %)
2575.30
(-0.85 %)
6173.75
(-0.39 %)
398.00
(-0.04 %)
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