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of <h1>Government Designates Districts as Industrially Backward u/s 80-IA to Boost Industrial Growth with Tax Incentives.</h1> The Central Government, through the Ministry of Finance and the Central Board of Direct Taxes, has designated certain districts as industrially backward under Section 80-IA of the Income-tax Act, 1961. This designation aims to encourage industrial development in these areas by offering incentives to new industrial undertakings. The specified districts span across several states, including Bihar, Maharashtra, Uttar Pradesh, West Bengal, Orissa, Madhya Pradesh, Rajasthan, Kerala, and Gujarat. This notification, effective retrospectively from October 1, 1994, is based on reports from committees formed to identify such districts. The notification does not adversely affect any individual.
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