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Part A : Direct Taxes
33 Fresh Additional Relief Package — PIB Press Release No.
BY/KP/GN-151/10, dated 29-4-2010.
The following important amendments were made to the Finance
Bill 2010 :
Two items are included as
‘specified business for availing the benefit of investment linked deduction
u/s.80-IB(11C) of the Act — business of a new hospital anywhere in India
(unlike certain prescribed areas as proposed earlier), with at least 100 beds
for patients, and business of developing and building a housing project under
a scheme for slum redevelopment or rehabilitation framed by the Central
Government or a State Government.
Transfer of shares by
shareholders on conversion of a company into an LLP is proposed to be tax
exempt.
