Amendment to Section 35 narrows qualifying manufacture or production by excluding Eleventh Schedule items, changing deduction eligibility. The amendment replaces the enumerated industry list with a rule permitting deduction only for manufacture or production of articles or things not ... Summary
Amendment to Section 35 narrows qualifying manufacture or production by excluding Eleventh Schedule items, changing deduction eligibility.
The amendment replaces the enumerated industry list with a rule permitting deduction only for manufacture or production of articles or things not specified in the Eleventh Schedule, thereby excluding Schedule items from eligibility; this substitution takes effect from the fiscal year commencing 1 April 2010.
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