Page 217 - DMGT515_PERSONAL_FINANCIAL_PLANNING

Personal Financial Planning

Notes
10(23EA) Notified Investors Protection
Funds set up by recognised
Stock Exchanges
10(23FB) Venture capital Fund/ Income from investment in
company set up to raise funds venture capital undertaking
for investment in venture
Capital undertaking
10(23G) Infrastructure capital fund, or Income from dividend, interest
infrastructure capital and long term capital gains
company from investment in approved
infrastructure enterprise
10(24) Registered Trade Unions Income from house property
and other sources
10(25)(i) Provident Funds Interest on securities and
capital gains from transfer of
such securities
10(25)(ii) Recognised Provident Funds
10(25)(iii) Approved Superannuation
Funds
10(25)(iv) Approved Gratuity Funds
10(25)(v) Deposit linked insurance
funds
10(25A) Employees State Insurance
Fund
10(26B)(26BB) and (27) Corporation or any other body
set up or financed by and
government for welfare of
scheduled caste/ scheduled
tribes/backward classes or
minorities communities
10(29) Marketing authorities Income from letting of godown
and warehouses
10(29A) Certain Boards such as coffee
Board and others and
specified Authorities

11.9.2 Income Tax Holidays

A tax holiday is a temporary reduction or elimination of a tax. Governments usually create tax
holidays as incentives for business investment. The taxes that are most commonly reduced by
national and local governments are sales taxes. In developing countries, governments sometimes
reduce or eliminate corporate taxes for the purpose of attracting Foreign Direct Investment or
stimulating growth in selected industries.
Tax holiday is given in respect of particular activities, and sometimes also only in particular
areas with a view to develop that area of business.

Tax holiday: A tax holiday is available in respect of profits derived from exports by a 100%
export oriented undertaking, or an undertaking located in a free trade zone, export processing
zone, special economic zone, software technology park, etc. The tax holiday is available in
respect of profits derived by non-SEZ units up to years ending 31 March 2009. In the case of an

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