10 Years Tax Holiday in Andhra Pradesh, is this confirmed news?

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After the Andhra Pradesh State bifurcation, the revenue grosser and the main income source for the old AP been given to Telangana State and Seemandhra doesn't have any capital so far and no one knows what would the source of income for Andhra state. Central government to give 'Special Status' to Andhra Pradesh so that the new state will get separate allocation in budget 2014-15 FY.

Andhra Pradesh Cheif Minister Chandrababu Naidu working with Central Cabinet Ministers and PM Narendra Modi on this. AP state to offer 'Tax Pay Holiday' scheme to those who are planning invest in the new state. This could be 10 years as per the reliable sources.

In this review, there are many companies in Hyderabad which are planning to move their registered offices to Andha Pradesh to get this benefit. The Tax Holiday which would work in different ways and depends on the investment money, industry etc.

10 Years Tax Holiday in Andhra Pradesh would need to have more clarity from the Government officials and the AP Chief Minister Chandrababu Naidu.

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