Fresh lease of life likely for power tax holidays
Subhash Narayan: New Delhi, Feb 07 2013, 04:38 IST
of power sector is crucial for growth needs of the country as a deficit situation inhibits industrial activity.
Though the companies enjoying tax incentives under any existing scheme would continue to get them for the unexpired period, projects commissioned (and where developers have made some investment) after the cut-off date will be governed by provisions in the code.
The power ministry in its pre-budget memorandum to the finance ministry has also sought extension of Section 80 I A benefit up to 2017 to give benefit to ultra mega power projects and transmission projects planned for Twelfth five year plan period.
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