5 Year tax holiday for hotels in Delhi & Adjoining areas

Fresh tax concessions have been allowed in the Budget 2007-08 to promote infrastructure facilities. A five year holiday from income tax has been allowed for two, three or four star hotels as well as convention centres with a seating capacity of not less than 3,000 located in National Capital Territory of Delhi or in the adjacent districts of Faridabad, Gurgaon, Gaziabad or Gautam Budh Nagar. These should be completed and begin operation during the period April 1, 2007 to March 31, 2010. The step is aimed at meeting the requirement of 20,000 additional hotel rooms for the Commonwealth Games.

Source : Press Information Bureau

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