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State may impose 15% forest tax
Taking a cue from the Karnataka government, Odisha plans to levy forest development tax (FDT) on minerals on minerals extracted from forest areas. The tax rate is likely to be in the range of 10-15 per cent on sale value of the mineral. For imposition of FDT, the state government will effect an amendment in the Odisha Forest Act (OFA) and FDT Act. "Presently, FDT is levied on three items- timber, bamboo
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Cong hits out at Karnataka gov... Cong hits out at Karnataka gov...
Cong hits out at Karnataka govt