Govt to review tax exemptions before March 31

The government on Monday said it will review continuation of various tax concessions and duty cuts, which was announced earlier, before March 31 said the Finance Ministry.

It (Cenvat cut) runs out of time on March 31. Lets wait for March 31... government can always take a view on exemption, Revenue Secretary P V Bhide said at the customary post-budget interaction when asked whether the tax concessions would be extended beyond March 31.Noting that duty exemptions were neither given as a part of an interim budget nor budget, he said, I am not in a position to say what decision will be taken on March 31. He also said that the government to deal with the impact of global financial meltdown has been taking specific measures.