Tax sops for Covid-hit aviation sector may come in Budget 2021

Ahead of the Budget 2021, the government has hinted at rationalisation of various taxes in the aviation sector, which is among the hardest hit by the COVID-19 induced economic meltdown.

“We are working on a long-term plan to help the sector by rationalising various taxes. We are looking forward to make the ecosystem smarter and more efficient to make the aviation sector sustainable,” said Usha Padhee, joint secretary, ministry of civil aviation.

Addressing a webinar on “Connecting the Dots-Recovery of aviation, tourism and hospitality” on Friday, she underscored the need for the sector to be geared for any challenges and said that policy rejig will also help it in the long run, if it is hit by a similar crisis in the future.

The webinar was organised by Women in Aviation International – India Chapter.

Highlighting the success of Udan scheme, she further added: “Though the pandemic has adversely impacted the aviation and allied sectors, yet we have managed to take steps towards recovery.

The post Tax sops for Covid-hit aviation sector may come in Budget 2021 appeared first on Defence News India.

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