Search

End date for Industrial Park Scheme 2008 Extended


The Central Board of Direct Taxes (CBDT) in May 2010 declared that it had amended the Industrial Park Scheme 2008 and Rule 18C of the Income-tax Rules, 1962. Under the Industrial Park Scheme, any undertaking under Rule 18C of the I-T Rules, 1962, which develops and operates or maintains and operates an industrial park during the period between 1 April 2006 and 31 March 2009 would reap benefits under Sec.

Oct 13, 2010 15:17 IST
facebook IconTwitter IconWhatsapp Icon


The Central Board of Direct Taxes (CBDT) in May 2010 declared that it had amended the Industrial Park Scheme 2008 and Rule 18C of the Income-tax Rules, 1962. Under the Industrial Park Scheme, any undertaking under Rule 18C of the I-T Rules, 1962, which develops and operates or maintains and operates an industrial park during the period between 1 April 2006 and 31 March 2009 would reap benefits under Sec. 80IA(4)(iii) of the Income-tax Act, 1961. After the amendment under The Finance Act (No. 2), 2009 the end date for the scheme was moved from 31 march 2009 to 31 March 2011.