Doing Business Now » capital expenditure http://www.biz2credit.in/blog Small business advice for financing, marketing and growing a company Sat, 04 Sep 2010 07:29:28 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Investment-linked tax incentive scheme for farm produce cold stores and warehouses http://www.biz2credit.in/blog/2009/07/28/investment-linked-tax-incentive-scheme-for-farm-produce-cold-stores-and-warehouses/ http://www.biz2credit.in/blog/2009/07/28/investment-linked-tax-incentive-scheme-for-farm-produce-cold-stores-and-warehouses/#comments Tue, 28 Jul 2009 05:54:12 +0000 Biz2Credit Advisor http://www.biz2credit.in/blog/?p=839 The Finance Minister announced an investment-linked tax incentive scheme for farm produce and warehouses in the Union Budget. The scheme proposes that all capital expenditure to build and operate such facilities would be fully eligible for small business tax deductions. Business expenditures on land, goodwill and financial instruments would not be eligible for the deductions, said LiveMint.com.

The proposal is aimed at reducing waste of perishables and attracting investment into the sector. The scheme was welcomed as a big boost to the cold chain and warehousing sector. Currently, small businesses are eligible for a subsidy and the Income Tax Act allows several exemptions and deductions. These, however, are not sufficient to invite investment. порно xxx

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