Small-scale industrial undertaking status deemed when recognised under section 11B, aligning it with Income-tax section 80HHA. The Explanation to section 80HHA is amended so that an industrial undertaking shall be deemed to be a small-scale industrial undertaking if, on the last ... Summary
Small-scale industrial undertaking status deemed when recognised under section 11B, aligning it with Income-tax section 80HHA.
The Explanation to section 80HHA is amended so that an industrial undertaking shall be deemed to be a small-scale industrial undertaking if, on the last day of the previous year, it is regarded as such under section 11B of the Industries (Development and Regulation) Act, 1951, with the substitution effective from 1 April 1978.
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