TaxTMI 
TaxTMI 
Govt to provide tax holiday for foreign cos offering cloud services using India data centres
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....ovt to provide tax holiday for foreign cos offering cloud services using India data centres<BR>PTI News<BR>Dated:- 1-2-2026<BR>PTI<BR>New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Sund....
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....ay proposed tax holiday till 2047 for foreign companies that provide cloud services to customers worldwide by using data centres in the country. The tax holiday will be extended to the entities conc....
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....erned subject to certain conditions. In the Union Budget 2026-27 speech, Sitharaman said there is a need to enable critical infrastructure and boost investment in data centres. "I propose to provi....
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....de tax holiday till 2047 to any foreign company that provides cloud services to customers globally by using data centre services from India," the minister said. To avail the tax holiday, companies n....
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....eed to provide services to Indian customers through an Indian reseller entity. Among other proposals, the government will set up National Institute of Hospitality by upgrading existing National Coun....
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....cil for Hotel Management and catering technology. She also said a National Institute of Mental Health and Neurosciences (NIMHANS-2) will also be established, she said. Further, Sitharaman said in ....
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....Odisha, Karnataka, and Kerala, key turtle nesting sites, along with turtle trails, will be developed. Another announcement is that the government has decided to extend deduction for cooperative memb....
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....ers who supply cotton seeds and cattle feed. PTI TEAM TRB<BR> News - Press release - PIB....