10-year tax holiday to jack up manufacturing

In a much-needed pre-Budget bonanza to the manufacturing sector, which is showing signs of deceleration, the government on Thursday extended tax benefits to industrial units under a new Industrial Park Scheme, 2008. The scheme, notified on Thursday, would provide a 10-year tax holiday under Section 80-IA (4)(iii) of the Income Tax Act, 1962.

The Financial Express
http://www.financialexpress.com/news/
10year-tax-holiday-to-jack-up-manufacturing/260048/