TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2009 Amends Section 80-IB: Profit Deductions for Industrial Undertakings, New Housing Project Conditions</h1> Clause 37 of the Finance (No. 2) Bill, 2009 amends section 80-IB of the Income-tax Act, focusing on deductions for profits from certain industrial undertakings. It revises sub-section (9) to allow a 100% deduction of profits for seven years if the undertaking meets specific conditions, such as location and production timelines for mineral oil and natural gas. The amendments also introduce conditions for housing project deductions, limiting residential unit allotments to individuals and their immediate family. These changes apply retrospectively from April 2000 and April 2001 for certain provisions, and from April 2010 for others.
TaxTMI 
TaxTMI 
