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of <h1>Finance Bill 2012 amends Section 80-IA: Extends deduction deadline, revises 'market value' for domestic transactions.</h1> Clause 29 of the Finance Bill, 2012 proposes amendments to section 80-IA of the Income-tax Act, effective April 1, 2013. The amendments extend the deadline for certain infrastructure-related deductions from March 31, 2012, to March 31, 2013. The definition of 'market value' in sub-section (8) is revised to include the arm's length price for specified domestic transactions. Additionally, a proviso is added to sub-section (10) to ensure profits from such transactions are determined based on the arm's length price. These changes apply to the assessment year 2013-2014 and later.
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