Qualifying articles under sections 80B(7) and 80-I define manufacturing items eligible for tax benefits. The Sixth Schedule to the Income-tax Act lists qualifying articles-including metals, minerals, industrial machinery, boilers, electrical equipment, ... Summary
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Qualifying articles under sections 80B(7) and 80-I define manufacturing items eligible for tax benefits.
The Sixth Schedule to the Income-tax Act lists qualifying articles-including metals, minerals, industrial machinery, boilers, electrical equipment, tractors, fertilisers, pesticides, paper and electronic equipment-and defines component parts eligible when specially shaped, finished and ready for fitment, thereby delineating the scope of items subject to the referenced tax provisions.
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