11th Feb 2008
Rituparna Bhuyan & Siddharth Zarabi
| Move aimed at reducing tax exemptions ahead of Budget 2008-09. |
| In a move aimed at reducing tax exemptions ahead of Budget 2008-09, the government has said it will no longer permit new information technology (IT) units to be set up within industrial parks and imposed stringent norms for manufacturing units in such parks. |
| Industrial parks are entitled to income tax breaks till March 31, 2009. |
| The recently-amended industrial park scheme 2008, notified on January 8, has raised doubts over 350 parks proposed by real estate developers like DLF Ltd, Ansal Properties and Singapore's Ascendas, among others. Most of them involved IT units. >>>> More |
