The Government of West Bengal on September 06, 2024, issued clarifications on Property tax and other Incentives for IT/ITES Companies.
The following has been stated: -
•The West Bengal Information Technology and Electronics (IT&E) Policy, 2018, which became effective on August 13, 2018, remains in force until further orders.
•The ongoing incentives under the IT & E Policy 2018 are enumerated below:
(i)The incentive policy of Commerce and Industries and MSME Departments will be followed mutatis mutandis.
(ii) An extra 15% Floor Area Ratio (FAR) will be allowed for IT/ITES Buildings.
(iii)Exemption of property tax of 50% will be given for 12 years, i.e. until August 12, 2030
[Notification No. 941-ITE-14020/1/2021]
