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India By State - Delhi - Taxation & Legalities




Taxation & Legalities

Policies & Incentives

Information Technology Policy, 2000

The IT policy is governed by six principles;

  • E-governance: To use e-governance as a tool and deliver a government that is more proactive and responsive to its citizens.
  • Equality: To use the power of the IT to achieve the objectives of eradicating poverty, improving healthcare, empowering womenand economically weaker sections of the society.
  • Education: To encourage the use of IT in schools, colleges and educational institutions in the state of Delhi so as to enablethe students to improve their skills, knowledge and job prospects and enable them to obtain employment in this sunrise industry.
  • Employment: To use IT for generating additional employment for the new digital economy.
  • Entrepreneurship: To unleash the Delhi incubation engine, promote entrepreneurship, earn foreign exchange, and increase contribution of IT to economic growth of the state
  • Economy: To encourage and accelerate investments and growth in IT hardware, software, internet, training, IT enabled services, telecom, e-commerce and related sectors in the state.

The aim of the policy is to promote these six goals in an integrated and parallel fashion for the overall development of information, communication technology in the state in terms of infrastructure and usage.

Incentives on offer are:

  • Zero sales tax: The government is in favour of zero sales tax on the transactions of various IT related hardware and software like-Sale and leasing of computers and its accessories.
  • Inter-state sales of computers, parts, accessories and computer consumables.
  • CD-ROMS, optical disc media or magnetic media containing text, data or multimedia.
  • IT industries in residential area: The state government shall strongly recommend to the Government of India to permit software and service units to function in residential areas subject to such reasonable restrictions as may be imposed by the government in public interest.
  • IT software and service industry is entitled to industry status, which facilitates easy loans and financing at industry rates.
  • The industry units will be exempted from routine checks and they have facility for self-certification.
  • They have been given permission for a three-shift operation.
  • The government will establish modern IT parks in collaboration with private sector. The parks will have high-speed telecom facility and plug and play built-up modules for minimising gestation period of new projects.
  • Establishing Incubation centre: The state government will set up an "Incubation Centre" that will guide entrepreneurs to make business plans, advise on mergers and acquisitions, and network with venture capital companies including the Venture Capital Fund Company to be created by the government of Delhi. The Centre will also undertake financing of small IT companies.

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Transport policy, 2002

The transport policy has been framed with a view to provide safe, eco-friendly, cost effective and efficient modes of transportation through a well integrated multi-modal transport system. The main objective of the policy is to make Delhi a well managed, clean and dynamic city, which is involved in serving its citizens efficiently.

The key initiatives are;

  • Reduce traffic congestion on roads.
  • Improve air quality by lower levels of vehicular pollution.
  • Enhance road safety while improving amenities for commuters.
  • Augment mass transport by massive investments accompanied by institutional improvements.
  • Provide adequate, accessible and affordable modes such as buses, mini buses, and electric trolley buses complemented by a network of rail-based mass rapid transit systems, etc.

Industrial policy

The Industrial Policy has been framed in alignment with Master Plan for Delhi-2021. It will be implemented from 2010 to 2021. The new policy would promote new-age sectors along with traditional non-polluting industries so as to boost revenues and reduce pollution in the capital. The policy aims to propagate the process for operation and management of four industrial estates such as patparganj, Narela, Bawana and Okhla phase-III through public-private partnership.

Key objectives:

  • To evolve an appropriate mechanism to promote industrial growth in the desired sectors.
  • To maximise production and achieve higher productivity through modernised and more efficient work techniques and optimum utilization of available resources.
  • To discourage migration of unskilled labour into the NCT of Delhi from the adjoining states.
  • To constantly strive to promote industries in accordance with the provisions of the Master Plan for Delhi, 2021
  • To upgrade the technology level of the existing industries by providing them technical and financial support.
  • To promote sophisticated hi-tech industries, with special emphasis on high-value added products with reduction of effluents, smoke, noise and pollution in the capital.
  • To promote export oriented and import substitute industries as well as marketing related industries.
  • To encourage activities allied to industry, such as marketing services, consultancy, training of skilled man-power through vocational training programmes and entrepreneurial development programmes.
  • To impose a complete ban on setting-up of hazardous/noxious and heavy and large industries as per the master plan of 2021.

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Doing Business in Delhi

The approvals/ clearances and from whom they are required to start business in Assam are summarised in the following table:

Approvals and Clearances required

List of Procedures

Departments

Estimated time

Registration for starting a new business Obtain director identification number (DIN) online from the Ministry of Corporate Affairs portal (national).   1 day
Registration for starting a new business Obtain digital signature certificate online from private agency authorized by the Ministry of Corporate Affairs (national). Authorized agent 3 days
Registration for starting a new business Reserve the company name online with the Registrar of Companies (ROC) (national). Authorized agent 2 days
Registration for starting a new business Stamp the company documents at the State Treasury (state) Authorized agent 2 days
Registration for starting a new business Get the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs (national) ROC 5 days
Registration for starting a new business Make a seal (private). Authorized agent 1 day
Registration for starting a new business Obtain a Permanent Account Number (PAN) from an authorized franchise or agent. Authorized agent 12 days
Registration for starting a new business Obtain a Tax Account Number (TAN) for income taxes deducted at the source from an authorized franchise or agent. Authorized agent 12 days
Registration for starting a new business Register for Value Added Tax (VAT) at the Commercial Tax Office (state). Central and State excise 12 days
Registration for starting a new business Register with Employees' Provident Fund Organization (national). Central and State excise 9 days
Registration for starting a new business Register for medical insurance at the regional office of the Employees State Insurance Corporation (national). Central and State excise 13 days
15 days
Obtaining construction permit
  • Obtain no due tax certificate from the House Tax Department (municipal).
  • Obtain No objection certificate regarding land use as per master plan/zonal plan (municipal).
  • Notarize the affidavit/undertaking (private sector).
House Tax Department 18 days
Obtaining construction permit Apply for building permit at the Municipal Corporation of Delhi (MCD; municipal).
Receive inspection of the site by the Municipal Corporation of Delhi (municipal).
Obtain building permit from the Commissioner of the Municipal Corporation of Delhi (municipal).
MCD, Delhi 67 days
Obtaining construction permit Hire an independent electricity contractor and obtain load approval (private).
Apply for permanent electricity connection with the BSES (private).
Receive on-site inspection by BSES (private).
BSES 3 days
Obtaining construction permit Request and receive inspection by an engineer from the Municipal Corporation of Delhi at the plinth level (municipal).
File completion certificate and apply for occupancy permit at the Municipal Corporation of Delhi (municipal).
Receive final inspection of the construction by the Municipal Corporation of Delhi (municipal).
Obtain occupancy permit from the Municipal Corporation of Delhi (municipal).
MCD, Delhi 33 days
Obtaining construction permit Apply for permanent water and sewerage connections to Delhi JalBoard (municipal).
Apply for permanent phone connection at Bharat Sanchar Nigam Limited (national).
Receive an initial on-site inspection from Delhi JalBoard (municipal).
Obtain permanent water and sewerage connection from the Delhi JalBoard (with inspection) (municipal), electricity and phone connection.
Respective authorities 63 days
Registering property in New Delhi Check for encumbrances at the office of the sub-registrar of Assurances (state).   3 days
Registering property in New Delhi Pay the stamp duty at the State Treasury and obtain stamp paper (state).   2 days
Registering property in New Delhi The final sale deed is prepared by the buyer or his lawyer (private).
Execute and register the final sale deed at the office of sub-registrar (state).
  11 days
Registering property in New Delhi Apply to the Circle Revenue Office for mutation of the property title (state).   40 days

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Parameter

Cost estimate

Land price (per sq ft)
(Commercial land for office use or institutional land)
US$ 65 to US$ 543
Labour (per man-year) US$ 1,206 to US$1,333
Lease rent (per sq ft) US 478.2 cents to US 543.4 cents
Electricity (per kWh) Commercial: US cents12.95 to US 13.52 cents
Industrial: US 11.8 cents to US 12.1cents
Residential rent (per sq ft per month) US 16.8 cents to US 68.8 cents
Five-star hotel room (per night) US$ 152.1 to US$ 217.1
Water industrial (per 1,000 litres) US 21.74 cents to US 217.39 cents

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More Information on Delhi

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