Corporate Income Tax exemption for industrial undertakings operating warehousing or cold chain facility for storage of agriculture produce
Name of Incentive
Corporate Income Tax exemption for industrial undertakings operating warehousing or cold chain facility for storage of agriculture produce
Type of Incentive
Tax Incentive
Ministry
Agency
Sector
Storage Facilities
Sub Sector
Product/Activity
Incentive Details
Description
Profits and gains derived by a taxpayer, from an industrial undertaking setup between 1 July 2015 and 30 June 2016 engaged in operating warehousing or cold chain facility for storage of agriculture produce are allowed exemption from income tax for a period of 3 years beginning with the month in which the industrial undertaking is setup or commercial operations are commenced, whichever is later.