The Centre on Wednesday notified 21 Bihar districts including capital Patna as backward areas and unveiled tax rebate for them in the poll-bound state, a day after the Narendra Modi government announced a mega Rs 1.25 lakh crore development package.
Any manufacturing unit set up between April 1, 2015 and March 31, 2020 in these districts will be eligible for 15% additional depreciation and 15% investment allowance under the Income Tax Act, on the cost of plant and machinery acquired and installed by it during this period.
The 21 districts include Patna, Nalanda, Bhojpur, Rohtas, Kaimur, Gaya, Jehanabad, Aurangabad, Nawada, Vaishali, Sheohar, Samastipur, Darbhanga, Madhubani, Purnea, Katihar, Araria, Jamui, Lakhisarai, Supaul and Muzaffarpur. more
Any manufacturing unit set up between April 1, 2015 and March 31, 2020 in these districts will be eligible for 15% additional depreciation and 15% investment allowance under the Income Tax Act, on the cost of plant and machinery acquired and installed by it during this period.
The 21 districts include Patna, Nalanda, Bhojpur, Rohtas, Kaimur, Gaya, Jehanabad, Aurangabad, Nawada, Vaishali, Sheohar, Samastipur, Darbhanga, Madhubani, Purnea, Katihar, Araria, Jamui, Lakhisarai, Supaul and Muzaffarpur. more
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