SC: Statutory Authorities may Intervene When Housing Societies Delay Membership Decisions  ||  SC: Quasi-Judicial Authorities Cannot Exercise Review Powers Unless Expressly Granted By Statute  ||  SC: Special Court Cannot Order Confiscation While Appeal Against Attachment Confirmation is Pending  ||  SC: Photocopies are Not Evidence Unless Conditions for Leading Secondary Evidence are Proved  ||  Calcutta HC: Conviction under Essential Commodities Act Invalid if Stock Measured With a 'Stick'  ||  Kerala High Court: Universities Must Regulate Student Political Activities to Curb Campus Violence  ||  Calcutta HC: Accused Has No Right on Investigation Mode or Impleadment in Probe Writ  ||  Gauhati HC: POCSO Probes Must be Child-Friendly, With Sensitized Investigators to Ensure Clear Truth  ||  Kerala HC: Orders Barring Disclosure of Witness Statements Must State Reasons For Each Witness  ||  SC: Hard to Believe Married Woman Was Lured Into Sex by False Marriage Promise; Case Quashed    

21 District areas of Bihar notified as backward areas given opportunity to grow faster by giving effect to the amendment in Income-Tax Act 1961 through Finance Act 2015 - (19 Aug 2015)

Tax Benefits to notified backward areas in Bihar

MANU/PIBU/1151/2015

Direct Taxation

The Income Tax Act, 1961 has been amended by the Finance Act 2015 providing tax benefits to notified backward areas in Bihar, to give these areas an opportunity to grow faster. Any manufacturing undertaking or enterprise set-up during the period from 01.04.2015 to 31.03.2020 in the notified areas will be eligible for 15% additional depreciation and 15% investment allowance.

Tags : BIHAR   BACKWARD AREA   TAX BENEFIT  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved