e) Industrial Park or
f)
g) Industrial Area or
h) Theme Park
d) A briefing on the Schemes and incentives
e) Central Capital Investment Subsidy Scheme, 2003 for Uttaranchal and Himachal Pradesh
Introduction
The special category states include:
1) The North eastern States
a) Arunachal Pradesh
b)
c) Manipur
d) Meghalaya
e) Mizoram
f) Nagaland
g) Tripura
2)
3) Uttaranchal
4) Himachal Pradesh
These states enjoy special benefits under
- Income tax Act, 1961
- New Industrial policy for North eastern region
- Central Capital Investment Subsidy Scheme, 2003 for Uttaranchal and Himachal Pradesh.
Sec 80- IC of the Income tax Act, 1961
Special provisions in respect of certain undertakings or enterprises in certain special category States
Provisions at a glance:
|
Features |
Period |
undertaking |
Deduction |
|
a) Assessee has begun or begins to manufacture or produce any article or thing, not being any article or thing specified in the Thirteenth Schedule, or which manufactures or produces any article or thing, not being any article or thing specified in the Thirteenth Schedule and undertakes substantial expansion b) which has begun or begins to manufacture or produce any article or thing, specified in the Fourteenth Schedule or commences any operation specified in that Schedule, or which manufactures or produces any article or thing, specified in the Fourteenth Schedule or commences any operation specified in that Schedule and undertakes substantial expansion |
on the 23rd day of
December, 2002 and ending before the 1st day of April, 2012, in
|
a) Export Processing Zone or b) Integrated Infrastructure Development Centre or c) Industrial Growth Centre or d) Industrial Estate or e) Industrial Park or
f)
g) Industrial Area or h) Theme Park |
one hundred per cent of such profits and gains for ten assessment years commencing with the initial assessment year;
|
|
24th day of December, 1997 and ending before the 1st day of April, 2007, in any of the North eastern states |
|||
|
a) begun or begins to manufacture or produce any article or thing, not being any article or thing specified in the Thirteenth Schedule, or which manufactures or produces any article or thing, not being any article or thing specified in the Thirteenth Schedule and undertakes substantial expansion b) which has begun or begins to manufacture or produce any article or thing, specified in the Fourteenth Schedule or commences any operation specified in that Schedule, or which manufactures or produces any article or thing, specified in the Fourteenth Schedule or commences any operation specified in that Schedule and undertakes substantial expansion |
On the 7th day of January, 2003 and ending before the 1st day of April, 2012 in Himachal Pradesh/ Uttaranchal |
a) Export Processing Zone or b) Integrated Infrastructure Development Centre or c) Industrial Growth Centre or d) |