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16. Amendment of section 80-ID. |
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In section 80-ID of the Income-tax Act, with effect from the 1st day of April, 2009,
(a) in sub-section (2), after clause (ii), the following clause shall be inserted, namely:
"(iii) engaged in the business of hotel located in the specified district having a World Heritage Site, if such hotel is constructed and has started or starts functioning at any time during the period beginning on the 1st day of April, 2008 and ending on the 31st day of March, 2013.";
(b) in sub-section (6), after clause (d), the following shall be inserted, namely:
(e) "specified district having a World Heritage Site" means districts, specified in column (2) of the Table below, of the States, specified in the corresponding entry in column (3) of the said Table:
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S. No. |
Name of district |
Name of State |
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(1) |
(2) |
(3) |
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1. |
Agra |
Uttar Pradesh |
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2. |
Jalgaon |
Maharashtra |
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3. |
Aurangabad |
Maharashtra |
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4. |
Kancheepuram |
Tamil Nadu |
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5. |
Puri |
Orissa |
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6. |
Bharatpur |
Rajasthan |
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7. |
Chhatarpur |
Madhya Pradesh |
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8. |
Thanjavur |
Tamil Nadu |
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9. |
Bellary |
Karnataka |
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10. |
South 24 Parganas
(excluding areas falling within the Kolkata urban agglomeration on the basis of the 2001 census) |
West Bengal |
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11. |
Chamoli |
Uttarakhand |
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12. |
Raisen |
Madhya Pradesh |
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13. |
Gaya |
Bihar |
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14. |
Bhopal |
Madhya Pradesh |
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15. |
Panchmahal |
Gujarat |
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16. |
Kamrup |
Assam |
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17. |
Goalpara |
Assam |
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18. |
Nagaon |
Assam |
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19. |
North Goa |
Goa |
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20. |
South Goa |
Goa |
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21. |
Darjeeling |
West Bengal |
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22. |
Nilgiri |
Tamil Nadu.". |
Clause 16 seeks to amend section 80-ID of the Income-tax Act which relates to deduction in respect of profits and gains from business of hotels and convention centres in specified areas.
Section 80-ID of the Act provides for hundred percentage of tax deduction for a period of five years to new hotels of two, three and four star categories and convention centres which are constructed and started or start functioning at any time during the period beginning on 1st April, 2007 and ending on 31st March, 2010. For availing the above benefit the hotel or convention centre should be located in the specified area, which has been defined as the National Capital Territory of Delhi and the districts of Faridabad, Gurgaon, Gautam Buddha Nagar and Ghaziabad.
It is proposed to extend the scope of tax benefit available in this section also to new two-star, three-star or four-star hotel, located in specified district having World Heritage Site, if such hotel is constructed and has started or starts functioning at any time during the period beginning on the 1st day of April, 2008 and ending on the 31st day of March, 2013. Specified districts having World Heritage Site are proposed to be the districts of Agra, Jalgoan, Aurangabad, Kancheepuram, Puri, Bharatpur, Chhatarpur, Thanjavur, Bellary, South 24 Parganas (excluding areas failing within Kolkata Urban agglomeration on the basis of the 2001 census), Chamoli, Raisen, Gaya, Bhopal, Panchmahal, Kamrup, Goalpara, Nagaon North Goa, South Goa, Darjeeling and Nilgiri.
This amendment will take effect from 1st April, 2009 and will accordingly apply in relation to the assessment year 2009-10 and subsequent assessment years.
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