Tax Incentives

[abhishreshthaa]

Tax Incentives


Government of India provides tax incentives for:-


• Corporate profit

• Accelerated depreciation allowance

• Deductibility of certain expenses subject to certain conditions.
These tax incentives are, subject to specified conditions, available for new investment in


• Infrastructure,

• Power distribution,

• Certain telecom services,

• Undertakings developing or operating industrial parks or special economic zones,

• Production or refining of mineral oil,

• Companies carrying on R&D,

• Developing housing projects,

• Undertakings in certain hill states

• Handling of food grains,

• Food processing,

• Rural hospitals etc.

 

[jitendra05]

Tax Incentives


Government of India provides tax incentives for:-


• Corporate profit

• Accelerated depreciation allowance

• Deductibility of certain expenses subject to certain conditions.
These tax incentives are, subject to specified conditions, available for new investment in


• Infrastructure,

• Power distribution,

• Certain telecom services,

• Undertakings developing or operating industrial parks or special economic zones,

• Production or refining of mineral oil,

• Companies carrying on R&D,

• Developing housing projects,

• Undertakings in certain hill states

• Handling of food grains,

• Food processing,

• Rural hospitals etc.

Well, as we know that a tax incentive is an element of a country's tax rule developed to incentivize or motivate a specific economic activity. I read your article and it is really nice. But i am also uploading a document for the more detailed information on tax incentives.