Construction of Additional Lanes in Highway Project to get Deduction Under Section 80ia of Income Tax Act

Last updated: 20 May 2010

Construction of Additional Lanes in Highway Project to get Deduction Under Section 80ia of Income Tax Act It has been clarified by the Central Board of Direct Taxes (CBDT) that widening of an existing road by constructing additional lanes as a part of a highway project by an undertaking would be regarded as a new infrastructure facility for the purpose of Section 80IA (4)(i) of the Income Tax Act, 1961. However, simply relaying of an existing road would not be classifiable as a new infrastr
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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