With the finance ministry coming under increasing pressure to raise resources in a slowing economy the demand by India Inc for conferring infrastructure status to hospitals in order to avail of tax concessions is not likely to come through in the forthcoming Budget .
Infrastructure status to hospitals would entitled them to tax exemption on their entire profit for 10 consecutive years.
A senior finance ministry official told Mail Today that "health like education comes in the social sector, so we cannot accord it infrastructure status at this point". Read more
Source : businesstoday.intoday.in
