Centre may extend infra tag to tourism, realty
Sectors given infrastructure status are generally included in the finance ministry’s ‘harmonized master list of infrastructure sub-sectors’. However, they do not enjoy tax benefits under Section 35AD of the Income Tax Act, which permits deduction of entire capital expenditure
NEW DELHI : The Union government may bring more sectors under the ambit of infrastructure segments eligible for attractive tax benefits, two people aware of the plans said, as it aims to help industries hit hard by the pandemic and boost investments.
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