Hotel investment deduction extended to hotels in districts with World Heritage Sites, subject to construction and operational timeframe. Amendment permits hotels located in districts containing a World Heritage Site to qualify for the investment-linked tax deduction if constructed and ... Summary
Hotel investment deduction extended to hotels in districts with World Heritage Sites, subject to construction and operational timeframe.
Amendment permits hotels located in districts containing a World Heritage Site to qualify for the investment-linked tax deduction if constructed and commenced within the period beginning 1 April 2008 and ending 31 March 2013. It defines "specified district having a World Heritage Site" by inserting a schedule that enumerates twenty-two named districts and their States, with one district entry excluding areas within a specified urban agglomeration as per the stated census basis.
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