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Companies engaged in infrastructure development

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  • Companies engaged in infrastructure development

    Companies engaged in infrastructure development might soon lose profit-linked tax benefits. In Budget 2013-14 the finance ministry is considering doing away with section 80-IA of the Income Tax Act, under which the government is expected to have forgone around 19 percent of the total revenues that could not be collected on account of various deductions given to the corporate sector in 2011-12.
    Founder & Creative Mind of Megrisoft
    www.indiabook.com
    Business
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