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of <h1>India Offers Tax Breaks for Industrial Parks u/s 80 IA to Boost Infrastructure and Private Investment.</h1> The Government of India has introduced a scheme offering tax exemptions under Section 80 IA of the Income Tax Act, 1961, to encourage private investment in industrial parks. This scheme, effective from April 1, 1997, to March 31, 2002, aims to develop industrial infrastructure, including roads, power, and telecommunications. Applications can be submitted through an automatic approval route or reviewed by an Empowered Committee. The Secretariat for Industrial Assistance will manage the application process, with submissions accepted in person or by post. The initiative seeks to promote the establishment of industrial model towns and parks across the country.
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