Launch meeting of Asset Finance Association of India
- 27th May, 2016
Leasing in India has been in existence for decades now and has seen its fortunes trough and peak. From the days when the leasing industry surged overnight to when it died out completely – and then revived from the ashes, the leasing industry in India has had its own story to tell.
The Indian leasing industry was at its peak in the 1980 and 1990s before tax issues throttled leasing volumes.
Negative issues ranging from the incremental tax burden on sale of leased goods, tax scams emerging, and regulatory challenges, all led to leasing falling out of favor with the tax authorities.Coninue Reading