The
availability of adequate infrastructure facilities, balanced regional growth
and focused development of certain industries have occupied an important place
in Indian economic policy. Government has tried to achieve it through certain
incentives shown by below Table.
INCENTIVES
FOR INDUSTRIAL DEVELOPMENT
|
Deduction
(Sec.)
|
Business
nature
|
Amount
and period of deduction
|
|
80-IA
|
Providing
infrastructure facility, telecommunication services, power generation, gas
distribution network
|
100%
profit is deductible for 10 years.
|
|
80-IAB
(notified w.e.f. April1, 2005)
|
Development
of SEZ
|
100%
profit is deductible for 10 years.
|
|
80-IB
|
Shipping,
hotels in specified areas, housing projects, multiplex theatres, hospitals in
rural areas etc.
|
Different
rates are applicable for different categories.
|
|
80-IC
(from A.Y. 2004-05)
|
Undertakings
in certain states i.e. Sikkim, H P, Northern Eastern States
|
Different
rates are applicable for different states.
|
|
80-ID
(from A.Y. 2008-09)
|
Convention
centre in specified areas
|
100%
profit is deductible for 5 years.
|
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