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of <h1>Amendments to Section 35AD: Changes in Ownership and Definitions for Infrastructure Projects Effective April 2018</h1> Section 35AD of the Income-tax Act is amended effective April 1, 2018. Sub-section (1A) is omitted, and a new clause is added to sub-section (2) specifying that businesses involved in certain infrastructure projects must be owned by an Indian-registered company, consortium, or statutory body and have agreements with government entities for developing or maintaining infrastructure. Sub-section (5) is revised to include businesses involved in infrastructure projects from April 1, 2017. Sub-section (8) defines 'infrastructure facility' to include roads, bridges, rail systems, highways, water projects, ports, and airports, and adds a clause for new infrastructure facilities.
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