| 100% deduction of the profits and gains derived from the business of convention centres and 2-star, 3-star and 4-star category hotels in NCT of Delhi and districts of Faridabad, Gurgaon, Gautam Budh Nagar and Ghaziabad, constructed and functioning between April, 2007 and 31 July, 2010 for a five year period beginning from the initial assessment year would be allowed. This amendment is made by the Finance Act, 2007 and would be effective from the A.Y. 2008-2009 |
