Deduction eligibility expanded to specified pulp and paper products, revising Thirteenth Schedule entries for tax incentive qualification. Amendment substitutes serial number 19 in Part B of the Thirteenth Schedule to the Income-tax Act to list specified pulp and paper manufacturing ... Summary
Deduction eligibility expanded to specified pulp and paper products, revising Thirteenth Schedule entries for tax incentive qualification.
Amendment substitutes serial number 19 in Part B of the Thirteenth Schedule to the Income-tax Act to list specified pulp and paper manufacturing activities and finished paper articles with their excise classifications, thereby defining which pulp- and paper-related products qualify under the Schedule's deduction/incentive framework. The substitution is effective from 1 April 2010 and clarifies the scope of eligible articles for tax deduction treatment for the relevant Himalayan states.
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