Government of India provides tax incentives for:-

(i) Corporate profit (ii) Accelerated depreciation allowance (iii) Deductibility of certain expenses subject to certain conditions.

These tax incentives are, subject to specified conditions, available for new investment in;

Infrastructure .

Power distribution .

Certain telecom services .

Undertakings developing or operating Industrial Parks or Special Economic Zones .

Production or refining of mineral oil .

Companies carrying on R&D .

Developing housing projects .

Undertakings in certain hill states .

Handling of food grains .

Food processing .

Rural hospitals .