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: VAT Audit :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TDS :: form 3cd :: cpt :: VAT RATES :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS
Indirect Tax »
  Indirect Tax collections up
 A GST rate that can unlock India’s potential
 Why India fared badly in World Bank’s Doing Business survey
 Income Tax dept to intensify anti-black money operations
 Applicability of TDS provisions of section 194-I of the Income-tax Act, 1961 on lump sum lease premium paid for acquisition of long term lease-regarding
 CBDT seeks monthly data of disposed I-T appeals
 Further indirect tax may be levied in 2017
 India has to make its own tax law
 Centre warns against criticism of GST network
 Indirect tax collection jumps 26% in April-September, direct tax 9%
 Indirect Tax collections up

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 2016 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