7 districts of Andhra Pradesh for Special Assistance

Q.  Which of the following districts of Andhra Pradesh have been provided incentives under the Income Tax Act as a measure of special assistance in accordance to the Andhra Pradesh Re-organisation Act, 2014?

1) Kurnool
2) Anantapur
3) East Godavari
4) Vishakhapatnam
- Published on 04 Oct 16

a. 1, 3
b. 2, 3, 4
c. 1, 2, 4
d. All of the above

ANSWER: 1, 2, 4
 
  • Under the Andhra Pradesh Re-organisation Act, 2014 the Government of India is extending special assistance to four districts of Rayalseema and three districts of North coastal Region of Andhra Pradesh.
  • To further boost the industrial activities, the CBDT has notified these seven districts for availing tax incentives under section 32(1)(iia) and section 32AD of the Income-tax Act.
  • Accordingly, any manufacturing undertaking set up during the period from 01.04.2015 to 31.03.2020 in these districts of Andhra Pradesh is eligible for 15% of higher additional depreciation and 15% of investment allowance on the cost of plant and machinery acquired by it during the said period.
  • The 7 districts of Andhra Pradesh notified as backward areas vide Notification in S.O.3075 (E) dated 28.09.2016 are:
1. Anantapur
2. Chittoor
3. Cuddapah
4. Kurnool
5. Srikakulam
6. Vishakhapatnam
7. Vizianagaram

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲