(a) whether the Government have extended tax holiday to industries
in some special category States;
(b) if so, the details of those Special Category States; and
(c) the details of the tax holiday granted to those States?
(a) whether the Government have extended tax holiday to industries
in some special category States;
(b) if so, the details of those Special Category States; and
(c) the details of the tax holiday granted to those States?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SHRIPAD Y. NAIK)
(a): Yes Sir.
(b) The special category states are the North-eastern States, the
State of Sikkim and the States of Himachal Pradesh and Uttaranchal.
(c) In accordance with the new industrial policies announced for
the North-eastern States, the State of Sikkim and States of
Uttaranchal and Himachal Pradesh, the Income-tax Act has provided
for a ten year tax deduction to new industries as well as existing
undertakings on their substantial expansion, set up in certain
notified areas, or engaged in specific thrust sector activities in
these States.