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The Central Government notifies twenty-one specific districts of the State of Bihar as backward areas. This designation applies for the purpose of additional depreciation under section 32 and investment allowance under section 32AD of the Income-tax Act, 1961. The notification comes into force on the date of its publication in the Official Gazette.
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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 17th August, 2015
INCOME-TAX
S.O. 2241(E).— In exercise of the powers conferred by section 32 and section 32AD of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following districts of the State of Bihar as backward areas under the first proviso to clause (iia) of sub- section (1) of section 32 and sub-section (1) of section 32AD, namely:—
Patna
Nalanda
Bhojpur
Rohtas
Kaimur
Gaya
Jehanabad
Aurangabad
Nawada
Vaishali
Sheohar
Samastipur
Darbhanga
Madhubani
Purnea
Katihar
Araria
Jamui
Lakhisarai
Supaul
Muzaffarpur.
This notification shall come into force on the date of its publication in the Official Gazette. [Notification No. 71/2015/F.No.142/13/2015-TPL]
(RAJESH KUMAR BHOOT) DIRECTOR (TAX POLICY & LEGISLATION)
