Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: list of goods taxed at 4% :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: Central Excise rule to resale the machines to a new company :: VAT RATES :: TDS :: VAT Audit :: ACCOUNTING STANDARDS
 
 
Indirect Tax »
 CBEC rechristened Central Board of Indirect Taxes and Customs
 Income tax department to challenge ITAT relief to Cairn Energy in HC
 5 crucial ways how doing business will be different under GST
 What is the lowdown on the Goods and Services Tax
 Ineligible Input Tax Credit Under Gst Regime
 What is GST, how is it different from now: Decoding the indirect tax regime
 Indirect tax collection can fall short of FY’17 target
 GST in last lap: What's in it for businesses, firms and most importantly, you?
 Indirect tax collection: All you want to know about stuck cases and rejected appeals
 Government achieves revised tax collection target
 Keep indirect taxes 'low, affordable' under GST

Industries to get tax rebatesin nine Telangana districts
October, 03rd 2016

In order to boost industrial activity in the Telangana State, the Centre has extended tax incentives for nine backward districts of the State except Hyderabad.

The nine districts which will get the benefit of concessions are Adilabad, Nizamabad, Karimnagar, Warangal, Medak, Mahbubnagar, Rangareddy, Nalgonda and Khammam.

According to a statement from Principal Secretary – Industries, Telangana, the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, has notified that “In exercise of the powers conferred by Sections 32 and 32AD of the Income Tax Act, 1961 (43 of 1961), the Central Government hereby notifies the nine districts of Telangana as backward areas under the first proviso to clause (iia) of Sub-Section (1) of Section 32AD of the said Act.”

Accordingly, manufacturing units which are set up between April 1, 2015, to March 31, 2020, will be eligible for tax incentives such as additional depreciation and investment allowance under the provisions.

The Centre had extended similar concessions to seven backward districts of Andhra Pradesh.

Under the concessions extended by the Centre according to the State’s Re-Organisation Act, manufacturing/ industrial units will be able to get the benefit of tax incentives such as 15 per cent additional depreciation and 15 per cent investment allowance on hdthe plant and machinery acquired.

Significantly, these incentives will be in addition to other tax benefits extended by the Centre and State governments.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions