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    <title>Amendment of section 35AD.</title>
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    <description>Amendment expands the deduction for capital expenditure on specified business to cover development, operation and maintenance of a new infrastructure facility, removes the enhanced deduction previously available for certain specified businesses, and limits eligibility to Indian companies, consortia or statutory authorities that have entered into agreements with central, state, local or statutory bodies; the amendment also defines infrastructure facility to include roads, bridges, rail systems, highways and associated activities, water and sanitation projects, waste management, ports, airports and navigational channels.</description>
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      <description>Amendment expands the deduction for capital expenditure on specified business to cover development, operation and maintenance of a new infrastructure facility, removes the enhanced deduction previously available for certain specified businesses, and limits eligibility to Indian companies, consortia or statutory authorities that have entered into agreements with central, state, local or statutory bodies; the amendment also defines infrastructure facility to include roads, bridges, rail systems, highways and associated activities, water and sanitation projects, waste management, ports, airports and navigational channels.</description>
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