Home India Ministry of Finance In exercise of the powers conferred by section 32 and sectio...
Date: 2016-07-20 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 32 and section 32AD of the Income tax Act 1961 43 of 1961 the Central Government hereby notifies the following districts

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, S.O. 2478(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, designates specific districts within the states of Telangana, West Bengal, and Bihar as backward areas for the purposes of the Income-tax Act, 1961. This designation, made under the authority of Section 32 and Section 32AD of the Act (43 of 1961), allows for applicable tax benefits as outlined in clause (iia) of subsection (1) of Section 32 and subsection (1) of Section 32AD. The notified districts are: * **Telangana:** Adilabad, Nizamabad, Karimnagar, Warangal, Medak, Mahbubnagar, Rangareddy, Nalgoda, and Khammam. * **West Bengal:** South 24 Parganas, Bankura, Birbhum, Dakshin Dinajpur, Uttar Dinajpur, Jalpaiguri, Malda, East Medinipur, West Medinipur, Murshidabad, and Purulia. * **Bihar:** Arwal, Banka, Begusarai, Bhagalpur, Buxar, Gopalganj, Khagaria, Kishanganj, Madhepura, Munger, West Champaran, East Champaran, Saharsa, Saran, Sheikhpura, Sitamarhi, and Siwan. The notification is effective from the date of its publication in the Official Gazette. The notification number is 61/2016 (F.No.142/13/2015-TPL). Further information can be obtained from Pitambar Das, Director, Tax Policy Legislation.

Key Entities Referenced

Income-tax Act, 1961: An act of the Indian Parliament that governs income tax. Central Board of Direct Taxes: A body within the Department of Revenue, Ministry of Finance, Government of India, responsible for direct tax administration. Telangana: A state in India, with several of its districts listed as backward areas. West Bengal: A state in India, with several of its districts listed as backward areas. Bihar: A state in India, with several of its districts listed as backward areas. Section 32: A section of the Income-tax Act, 1961, related to depreciation allowance. Section 32AD: A section of the Income-tax Act, 1961, related to investment allowance for new plant and machinery in backward areas. Ministry of Finance: A ministry of the Government of India responsible for financial matters.
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