Tax Benefits to notified backward areas in Bihar

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

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