{"id":111,"date":"2015-08-19T00:00:00","date_gmt":"2015-08-18T18:30:00","guid":{"rendered":""},"modified":"2015-12-29T10:58:23","modified_gmt":"2015-12-29T05:28:23","slug":"notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/","title":{"rendered":"Notified districts of Bihar eligible for 15% additional depreciation under income tax"},"content":{"rendered":"
Income-Tax Act 1961 Amended Through Finance Act 2015 to Provide Certain Tax Benefits to Notified Backward Areas in Specified States Including State of Bihar to Give <\/p>\n<\/div>\n
\n

These Areas an Opportunity to Grow Faster;21 Districts of Bihar Notified as Backward Areas; Any Manufacturing Undertaking or Enterprise Set-Up During the Period From 01.04.2015 to 31.03.2020 in the Aforesaid Backward Areas of Bihar will be Eligible for 15% Additional Depreciation and 15%  Investment Allowance Under the Income-Tax Act, on the Cost of Plant and Machinery Acquired and Installed by it During the Said Period                                <\/p>\n

 <\/p>\n

            The provisions of the <\/a>Income-tax Act 1961 have been amended through Finance Act 2015 to provide certain tax benefits to notified backward areas in specified States including State of Bihar to give these areas an opportunity to grow faster<\/a>.  To give effect to the amendment, the following <\/a>21 districts of Bihar have been notified as Backward Areas <\/a>vide Notification No. S.O. 2241(E) dated 17.08.2015:<\/p>\n

 <\/p>\n

<\/a>1.         Patna<\/p>\n

2.         Nalanda<\/p>\n

3.         Bhojpur<\/p>\n

4.         Rohtas<\/p>\n

5.         Kaimur<\/p>\n

6.         Gaya<\/p>\n

7.         Jehanabad<\/p>\n

8.         Aurangabad<\/p>\n

9.         Nawada<\/p>\n

10.       Vaishali<\/p>\n

11.       Sheohar<\/p>\n

12.       Samastipur<\/p>\n

13.       Darbhanga<\/p>\n

14.       Madhubani<\/p>\n

15.       Purnea<\/p>\n

16.       Katihar<\/p>\n

17.       Araria<\/p>\n

18.       Jamui<\/p>\n

19.       Lakhisarai<\/p>\n

20.       Supaul<\/p>\n

21.       Muzaffarpur<\/p>\n

 <\/strong><\/p>\n

            Any manufacturing undertaking or enterprise set-up during the period from 01.04.2015 to 31.03.2020 in the aforesaid backward areas of Bihar will be eligible for 15% additional depreciation under Section 32(1)(iia) and 15%  investment allowance under Section 32AD of the Income-tax Act, on the cost of plant and machinery acquired and installed by it during the said period. The aforesaid incentives are in addition to other tax benefits available under the Income-tax Act.  Thus a manufacturing undertaking\/enterprise set up in any of these areas during the aforesaid period will be eligible for 35% (instead of 20%) of additional depreciation. This would be over and above the normal depreciation of 15%. Besides, a company engaged in manufacturing will also be eligible for 30% (instead of 15%) of investment allowance if its investment in new plant and machinery during the period 1.4.2015 to 31.3.2017 exceeds Rs.25 crore.<\/p>\n

 <\/p>\n

            Notification No. S.O. 2241(E) dated 17.08.2015 to this effect is available on the website www.incometaxindia.gov.in<\/a>.   <\/p>\n

 <\/p>\n

 *****<\/p>\n

 Source : PIB<\/p>\n


<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Income-Tax Act 1961 Amended Through Finance Act 2015 to Provide Certain Tax Benefits to Notified Backward Areas in Specified States Including State of Bihar to Give  These Areas an Opportunity to Grow Faster;21 Districts of Bihar Notified as Backward Areas; Any Manufacturing Undertaking or Enterprise Set-Up During the Period From 01.04.2015 to 31.03.2020 in the Aforesaid … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[50],"yoast_head":"\nNotified districts of Bihar eligible for 15% additional depreciation under income tax - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Notified districts of Bihar eligible for 15% additional depreciation under income tax - All About Finance\" \/>\n<meta property=\"og:description\" content=\"Income-Tax Act 1961 Amended Through Finance Act 2015 to Provide Certain Tax Benefits to Notified Backward Areas in Specified States Including State of Bihar to Give  These Areas an Opportunity to Grow Faster;21 Districts of Bihar Notified as Backward Areas; Any Manufacturing Undertaking or Enterprise Set-Up During the Period From 01.04.2015 to 31.03.2020 in the Aforesaid ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"All About Finance\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-18T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-12-29T05:28:23+00:00\" \/>\n<meta name=\"author\" content=\"Taxclick Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Taxclick Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/\"},\"author\":{\"name\":\"Taxclick Team\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\"},\"headline\":\"Notified districts of Bihar eligible for 15% additional depreciation under income tax\",\"datePublished\":\"2015-08-18T18:30:00+00:00\",\"dateModified\":\"2015-12-29T05:28:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/\"},\"wordCount\":560,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"keywords\":[\"depreciation\"],\"articleSection\":[\"Income Tax\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/\",\"url\":\"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/\",\"name\":\"Notified districts of Bihar eligible for 15% additional depreciation under income tax - All About Finance\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/#website\"},\"datePublished\":\"2015-08-18T18:30:00+00:00\",\"dateModified\":\"2015-12-29T05:28:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/taxclick.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Notified districts of Bihar eligible for 15% additional depreciation under income tax\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/taxclick.org\/#website\",\"url\":\"https:\/\/taxclick.org\/\",\"name\":\"All About Finance\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/taxclick.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/taxclick.org\/#organization\",\"name\":\"All About Finance\",\"url\":\"https:\/\/taxclick.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"contentUrl\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"width\":235,\"height\":68,\"caption\":\"All About Finance\"},\"image\":{\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\",\"name\":\"Taxclick Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"caption\":\"Taxclick Team\"},\"description\":\"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.\",\"url\":\"https:\/\/taxclick.org\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Notified districts of Bihar eligible for 15% additional depreciation under income tax - All About Finance","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/","og_locale":"en_US","og_type":"article","og_title":"Notified districts of Bihar eligible for 15% additional depreciation under income tax - All About Finance","og_description":"Income-Tax Act 1961 Amended Through Finance Act 2015 to Provide Certain Tax Benefits to Notified Backward Areas in Specified States Including State of Bihar to Give  These Areas an Opportunity to Grow Faster;21 Districts of Bihar Notified as Backward Areas; Any Manufacturing Undertaking or Enterprise Set-Up During the Period From 01.04.2015 to 31.03.2020 in the Aforesaid ... Read more","og_url":"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/","og_site_name":"All About Finance","article_published_time":"2015-08-18T18:30:00+00:00","article_modified_time":"2015-12-29T05:28:23+00:00","author":"Taxclick Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Taxclick Team","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/#article","isPartOf":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/"},"author":{"name":"Taxclick Team","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227"},"headline":"Notified districts of Bihar eligible for 15% additional depreciation under income tax","datePublished":"2015-08-18T18:30:00+00:00","dateModified":"2015-12-29T05:28:23+00:00","mainEntityOfPage":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/"},"wordCount":560,"commentCount":0,"publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"keywords":["depreciation"],"articleSection":["Income Tax"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/","url":"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/","name":"Notified districts of Bihar eligible for 15% additional depreciation under income tax - All About Finance","isPartOf":{"@id":"https:\/\/taxclick.org\/#website"},"datePublished":"2015-08-18T18:30:00+00:00","dateModified":"2015-12-29T05:28:23+00:00","breadcrumb":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/taxclick.org\/type\/income-tax\/notified-districts-of-bihar-eligible-for-15-additional-depreciation-under-income-tax\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxclick.org\/"},{"@type":"ListItem","position":2,"name":"Notified districts of Bihar eligible for 15% additional depreciation under income tax"}]},{"@type":"WebSite","@id":"https:\/\/taxclick.org\/#website","url":"https:\/\/taxclick.org\/","name":"All About Finance","description":"","publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/taxclick.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/taxclick.org\/#organization","name":"All About Finance","url":"https:\/\/taxclick.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/","url":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","contentUrl":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","width":235,"height":68,"caption":"All About Finance"},"image":{"@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227","name":"Taxclick Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","caption":"Taxclick Team"},"description":"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.","url":"https:\/\/taxclick.org\/author\/admin\/"}]}},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"yarpp-thumbnail":false},"uagb_author_info":{"display_name":"Taxclick Team","author_link":"https:\/\/taxclick.org\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Income-Tax Act 1961 Amended Through Finance Act 2015 to Provide Certain Tax Benefits to Notified Backward Areas in Specified States Including State of Bihar to Give  These Areas an Opportunity to Grow Faster;21 Districts of Bihar Notified as Backward Areas; Any Manufacturing Undertaking or Enterprise Set-Up During the Period From 01.04.2015 to 31.03.2020 in the Aforesaid…","_links":{"self":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/111"}],"collection":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/comments?post=111"}],"version-history":[{"count":0,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/111\/revisions"}],"wp:attachment":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/media?parent=111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/categories?post=111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/tags?post=111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}