Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: articles on VAT and GST in India :: list of goods taxed at 4% :: TDS :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT Audit :: VAT RATES :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: empanelment
 
 
News Headlines »
  I-T department asks taxpayers to update their information on e-filing portal
  How to check income tax refund status
 GST panel to consult MSMEs in October end to further ease tax rigour
  How to check income tax return status
 Been Served a Notice by the Income Tax Department? Here’s How You Can Respond
 Seeks to amend the CGST Rules, 2017 - 45/2017 - Central GST (CGST)
 Government provides clarity on tax rate
 Processing of returns in Form ITR-I under section 143(1) of the Income-tax Act, 1961
  Filing of Reconciliation return in form 9 for the year 2016-17
  Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Today is last date for filing GSTR-1 forms for July; govt rules out further extension

Tax breaks for industrial parks
January, 11th 2008
Bid to boost private investments

In an apparent bid to boost private investment in development of industrial parks, the Central Board of Direct Taxes (CBDT) has come up with a new scheme that seeks to extend 100 per cent tax deduction on profits derived by an undertaking from the activity of developing or operating an industrial park.

The developer can avail itself of this tax benefit at its option for any 10 consecutive years in subsequent period of 15 years after the date of commencement. This tax break would be available only for parks set up between April 1, 2006 and March 31, 2009.

Focus on manufacture

Official sources said that the new scheme has sought to focus on manufacturing activity alone unlike the previous scheme that left it open for both manufacturing and services activities to be undertaken within the park.

The earlier scheme was framed in 2002 and the tax deduction was available only up to March 31, 2006. The new scheme provides for another three years to set up a park to get the benefits. It is called industrial park scheme, 2008 and is applicable to any undertaking that develops and operates or maintains and operates an industrial park.

For an undertaking to be eligible for tax deduction under Section 80-IA (4) (iii), the park should have a minimum of 30 units and the area allocated to these units should not be less than 90 per cent of the allocable area. It is also stipulated that the park should be owned by only one undertaking.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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