Stay abreast with the latest developments in the professional domain along with in-depth analysis through the monthly BCA Journal. Get access to an engaging library of researched publications from the BCAS stable.
Learn MoreExplore past issues of BCA Journal & indulge in a treasure trove of high-quality professional content across format of print, videos & learning events from the BCAS stable.
Learn More
Part A : Direct Taxes
34 Clarification regarding eligibility of expenditure
pertaining to widening of roads eligible for deduction u/s.80-IA(4)(i) of the
Act — Circular No. 4/2010, dated 18-5-2010.
It has been clarified by the Board that widening of an
existing road by constructing additional lanes as a part of a highway project by
an undertaking would be regarded as a new infrastructure facility for the
purpose of S. 80IA(4)(i). However, simply relaying of an existing road would not
be classifiable as a new infrastructure facility for this purpose.
