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of <h1>Industrial Park in Hyderabad Notified for Tax Benefits Under Section 80IA(4)(iii) of Income-tax Act, 1961</h1> The Central Government has notified an Industrial Park developed by a construction company in Hyderabad under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Begumpet, Hyderabad, spans 26,130.99 square meters and is designated for various industrial activities, including communication services, software development, and consultancy services. The project allocates 90% of its area for industrial use and 10% for commercial use, requiring a minimum of three industrial units. The total investment is projected at 19 crores INR. Compliance with specified conditions is mandatory for availing tax benefits, and any deviation may lead to invalidation of approval.
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