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of <h1>Central Government Approves Industrial Park in Kolkata Under Section 80IA(4)(iii) for Tax Benefits and Development</h1> The Central Government has notified an industrial park being developed by a company in Kolkata under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Salt Lake Electronics Complex, covers 33,014.84 square meters and is designated for activities like computer manufacturing, telecom services, and software development. It requires a minimum of 15 industrial units, with 92% of the area for industrial use and 8% for commercial use. The total investment is projected at 72.36 crores INR. The park must adhere to conditions specified in the Industrial Park Scheme, 2002, to maintain its approval status and tax benefits.
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