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
Latest Expert Exchange
« General »
 National Guidelines on Responsible Business Conduct.
 Best tax saving investment for my retired mother
 You don’t have to pay tax if your brother gifts a property to you
 Income Tax: Claim capital gains tax benefit on sale of house judiciously
 How to secure your e- Tax Filing Accounts through e - Filing Vault a
 Is the taxman trying to mend its ways or what?
 TDS Benefits Announced In Budget 2019 And What They Mean For You
 Government forms panel to solve angel tax issue
 Government may miss direct tax collection target
 Gifts received from a relative are tax-exempt
 Companies face action over TDS non-payment

Govt notifies tax rebate for 7 districts in Andhra Pradesh
October, 01st 2016

Government today said it is extending tax incentives for seven districts in Andhra Pradesh to boost industrial activity.

Government today said it is extending tax incentives for seven districts in Andhra Pradesh to boost industrial activity.

The incentives have been extended for four districts of Rayalseema and three districts of North coastal region of the state under the Andhra Pradesh Re-organisation Act, 2014.

“To further boost the industrial activities, the Central Board of Direct Taxes (CBDT) has notified these seven districts for availing tax incentives under section 32(1)(iia) and section 32AD of the Income-tax Act.

“Accordingly, any manufacturing undertaking set up during the period from April 1, 2015 to March 31, 2020 in these districts of Andhra Pradesh is eligible for 15 per cent of higher additional depreciation and 15 per cent of investment allowance on the cost of plant and machinery acquired by it during the said period,” the Finance Ministry said in a statement.

The seven districts of Andhra Pradesh notified as backward areas are — Anantapur, Chittoor, Cuddapah, Kurnool, Srikakulam, Vishakhapatnam and Vizianagaram.

The statement further said the aforesaid incentives are in addition to other tax benefits available under the Income-tax Act.

Earlier this month, the Centre had announced a financial package for Andhra Pradesh that includes full funding of Pollavaram irrigation project, tax concessions and a special assistance, but had stopped short of giving the state special category status.

Andhra Pradesh, which suffered financially after creation of the separate state of Telangana in June 2014, will get also get a railway zone.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

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