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of <h1>Direct Taxes Code Bill 2009: Profit Computation Rules for Specified Businesses in Thirteenth Schedule Explained</h1> The Thirteenth Schedule of the Direct Taxes Code Bill, 2009, outlines the computation of profits for specified businesses. These include power generation, infrastructure development, hospital operations (excluding certain urban areas), processing of fruits and vegetables, natural gas or oil pipeline operations, cold chain facilities, and agricultural warehousing. Profits are calculated by subtracting business expenditures from gross income, which includes business accruals and receipts. Conditions for eligibility include not being established by splitting existing businesses or using previously used machinery. The Schedule also addresses profit computation, asset depreciation, and conditions for business reorganizations and associated persons.
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