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MUMBAI: India's largest aluminium maker Vedanta is expanding its portfolio of value-added products and is planning to set up an aluminium flat rolled products plant with an estimated capital expenditure of Rs 2, 500 crore, a senior Vedanta official said. Flat rolled products, or FRPs, comprise foils, sheets and plates and are used in the automobile, aerospace, consumer durables sectors, among others. This capex will be part of the Rs 15, 000 crore investment plan by Vedanta to take its aluminium capacity from the current 2 million to 3 million tonnes in the next 3-4 years. "We are looking at producing rolled products and entering the sheets market. For this, we are currently talking to Chinese players to see if we can bring a plant here, " Ajay Kapur, CEO at Vedanta Aluminium and Power, told ETin an interaction. "This project needs some capex. It also gives you high margins and therefore we are investing in R&D to move ahead in that direction, " said Kapur. The company will be housing the plant in either of its two aluminium facilities in Chhattisgarh or Odisha, Kapur said.
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"The taxable portion of HRA will be added to your salary as per provisions in section 17(1) under the head 'Gross Salary'. On the other hand, the tax-exempt portion of HRA will be shown separately under the head Allowances to the extent exempt under section 10. Remember while filing the ITR-1, you will be required to mention the tax-exempt portion of HRA (partial or full depending on the calculations) under the head - Allowances to the extent exempt u/s 10", adds Soni. If you are filing your tax return using ITR-1 on the e-filing website, then amount of HRA exempted from tax, if any, is likely to be pre-filled. It is advisable that individuals verify the pre-filled information with the available documents i. as mentioned in Part-B of Form-16. In case these details are not pre-filled or you wish to file your ITR using the Excel utility, then in such a case, these details are to be reported as follows: a) Taxable portion of HRA As said above, the taxable portion of HRA is already added under the head, 'Salary as per provisions in section 17(1)'.