Tax holiday for undertakings in J

New Delhi, Feb 28 (UNI) Finance Minister P Chidambaram today extended the tax holiday for undertakings in Jammu and Kashmir by another five years upto March 31,2012. The step is aimed at promoting further investment in the state, Mr Chidambaram said while presenting the 2007-08 Budget in the Lok Sabha.

Cross country natural gas distribution network, including gas pipeline and storage facility integrated to the network, and navigation channel in the sea have been included in list of infrastructure facilities that are entitled to tax concessions under Section 80IA of the Income Tax Act.

UNI