Tax holiday

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Ravindranath (Querist)
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03 November 2008 I have studied project report on Wind farm energy project.

1) The Proj. report speaks of Income tax incentive to the extent of 33.9% of Project cost excluding Land cost, spread over a period of 4 years in the ratio of 40%(1st yr), 48%(2nd yr), 9.6%(3 rd Yr)and balance 2.4% in 4 th yr. These amounts are shown as inflow inthe Cash flow statement.

What is the basis. can some one clarify.

Ravindranath

Ravindranath (Querist)
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06 November 2008 resolved

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