<h1>CBDT Expands Industrial Park Scheme 2008: Includes R&D, Lowers Floor Area Requirement, Allows More Commercial Space.</h1> The Central Board of Direct Taxes has amended the Industrial Park Scheme 2008, broadening the definition of 'industrial activity' to include research and development in natural sciences and engineering, computer software development, and IT-enabled services. The minimum constructed floor area requirement has been reduced from 50,000 to 15,000 square meters, and the area allocated to industrial units has decreased from 90% to 75% of the allocable area. Additionally, up to 10% of the allocable area can now be designated for commercial activities. These changes aim to enhance the scope and flexibility of industrial parks under the scheme.