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Tourism Sector Suffer, Hope for Tax exemptions

In the wake of the terror attacks in Mumbai, the ministry is finalising a new campaign trying to spread the message that the security situation in India is well within control and the government is well equipped to guarantee the safety of every tourist coming to the country.
Indian Association of Tour Operators (IATO) has written to the Tourism Ministry seeking a package to tide over the crisis.

We have written to the ministry seeking certain tax benefits and other incentives to bail out the industry which is passing through a crisis, said IATO president Vijay Thakur.

Exemption of service tax on tour operators, export industry status for the industry, income tax benefits, marketing development scheme, rationalisation of luxury tax and reduction in entry fee in monuments are some of the demands made by the IATO.

Tourism industry contributes to the national economic with its potential to provide foreign exchange for the country, Thakur said, adding that “there is a need to encourage the industry so that inbound arrivals to the country can be sustained”.
Source : Times of India

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