Investment Linked Deduction Extended to Fertilizer Sector

In the General Budget 2011-12, the benefit of investment linked deduction has been extended to businesses engaged in the production of fertilizers.

Presenting the Budget, the Union Finance Minister, Shri Pranab Mukherjee in the Lok Sabha today said that the step is aimed at giving a boost to production in the agriculture sector. Such deduction will also be available to those who develop affordable housing under a notified scheme.

Source : Equity Bulls

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