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Economy and Politics | Clarification on taxes on highway work issued

Economy and Politics | Clarification on taxes on highway work issued
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First Published: Thu, May 20 2010. 10 57 PM IST
Updated: Thu, May 20 2010. 10 57 PM IST
New Delhi: The Central Board of Direct Taxes (CBDT) has clarified that firms involved in widening and upgrading national highways would be eligible for a 10-year tax holiday for infrastructure companies, after doubts emerged whether the upgrade of existing roads would fall in that category.
Merely resurfacing roads without adding lanes would not be eligible for the deduction, the clarification noted.
The question arose when field-level income-tax officers raised the issue that exemption was not allowable in highway projects because no “new infrastructure facility” was being created, analysts said.
Rahul Chandran
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No change in policy against Naxalites
New Delhi: Three days after the killing of 35 civilians and special police officers (SPOs) in Chhattisgarh, the government on Thursday said its broad policy on Naxalites remains unchanged.
“We will continue with plans made earlier,” a senior home ministry official said. “The report of the E. Rammohan committee will be made public. We will soon take action on the basis of the report.”
The official said the government was also planning to deploy a radar in Naxalite areas to identify and locate improvised explosives hidden underground. “We are thinking of sending more troops to these areas,” the official added.
Sahil Makkar
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First Published: Thu, May 20 2010. 10 57 PM IST