FICCI demands tax concessions for food processing sector
New Delhi, Feb 5 Ahead of the Union Budget, industry body FICCI today demanded tax concessions and waivers for the food processing sector to help minimise wastages, which are estimated at around Rs 30,000 crore per annum.
Government on Tuesday clarified that industry chambers like Ficci, CII and Assocham will continue to enjoy tax exemptions and will not be affected by changes in the taxation structure for charitable institutions.