Relaxation of Taxes

The following relaxation in taxes has been provided by the government in the above mentioned industries.

1. Allowances to charge high rate of depreciation on plant, machinery and building.
2. Provided rebates on different occasions.
3. The relaxation in taxes for expenditure on scientific research.
4. The reduction in duty on the import of various raw materials, plants and machinery etc.
5. Income Tax incentives and tax relaxations to start a factory in a less privileged area or locality.