https://www.taxtmi.com/acts?id=21142 Amendment of section 35AD extends tax incentive coverage to businesses engaged in developing, operating and maintaining new infrastructure facilities, subject to ownership by an Indian company, consortium, or statutory authority and an agreement with central, state, local or other statutory bodies. The amendment inserts a qualifying clause in sub-section (5), and adds a detailed definition of "infrastructure facility" listing roads, bridges, rail, highways, water projects, sanitation, solid waste management, ports, airports and inland waterways, and expressly includes developing, maintaining and operating such new infrastructure facilities as specified business activity. en-us Fri, 06 May 2016 16:25:56 +0530 Fri, 06 May 2016 16:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21142 Amendment of section 35AD extends tax incentive coverage to businesses engaged in developing, operating and maintaining new infrastructure facilities, subject to ownership by an Indian company, consortium, or statutory authority and an agreement with central, state, local or other statutory bodies. The amendment inserts a qualifying clause in sub-section (5), and adds a detailed definition of "infrastructure facility" listing roads, bridges, rail, highways, water projects, sanitation, solid waste management, ports, airports and inland waterways, and expressly includes developing, maintaining and operating such new infrastructure facilities as specified business activity. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:25:56 +0530 https://www.taxtmi.com/acts?id=21142