Supreme Court Issues Directions to Speed Up MACT Claims Amid Six-Year Average Pendency || Supreme Court: Sex Selection Practices Continues Due to Preference For Male Children || Supreme Court: Injury From a Fallen Tree is Not a Motor Accident for MACT Claims || Madras HC: Recent Tamil Nadu Elections Reflect Voting Beyond Caste and Community Considerations || Supreme Court: Children Should Not Undergo Psychological Tests in Custody Cases Unless Necessary || Jharkhand HC: Lokayukta Cannot Delegate Core Adjudicatory Powers Even in Case Against Brother || Ker HC: Complainant Can Invoke Presumptions After Proving Transaction, Cheque Execution Convincingly || Supreme Court Cancels SARFAESI Auction Sale After 16 Years Due to a 5-Day Payment Delay || Jhar HC Orders 2-Month Probe Deadline, DGP Monitoring to Overhaul Sexual Violence Response in State || Delhi HC: Social Media Cannot Undermine Judiciary; Intermediaries Must Act Without Court Orders

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 :