Supreme Court: Vacancies From Resignations under CUSAT Act Must Follow Communal Rotation  ||  Supreme Court: Forest Land Cannot Be Leased or Used For Agriculture Without Centre’s Approval  ||  Supreme Court: Gravity of Offence and Accused’s Role Must Guide Suspension of Sentence under CrPC  ||  Supreme Court: Arbitral Awards Cannot be Set Aside For Mere Legal Errors or Misreading of Evidence  ||  SC Acknowledges Child Trafficking as a Grave Reality and Issues Guidelines to Assess Victim Evidence  ||  Allahabad HC: When Parties Extend an Agreement by Conduct, The Arbitration Clause Extends Too  ||  Supreme Court: Issues of Party Capacity and Maintainability Must Be Decided by Arbitral Tribunal  ||  Supreme Court: Omissions in Chief Examination Can Be Rectified During Cross-Examination  ||  Supreme Court: Items Given by Accused to Police Are Not Section 27 Recoveries under Evidence Act  ||  Gujarat High Court: Waqf Institutions Must Pay Court Fees When Filing Disputes in State Tribunal    

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 2025 - All Rights Reserved