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Thursday, March 25, 1999

Extend tax holiday -- CII 

Our Corporate Bureau  
NEW DELHI, Mar 24: The Confederation of Indian Industry (CII) has called for extension of tax holiday benefits under section 80I A to transmission and distribution projects.

Welcoming the government's initiative to make fiscal incentives of Tax Holiday benefits under section 80I A more meaningful for crucial infrastructure sectors, the chamber stressed on the imminent need for a special focus on the energy sector.

CII said by allowing the benefits to be availed in any 10 consecutive years out of the initial 15 years from the year in which they commence operations, the government has no doubt given due recognition to the importance to incentivise development of core sector.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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