TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
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>Amendment to Section 10AA: No Double Deductions for SEZ Units Under Section 35AD from Assessment Year 2015-16 Onwards.</h1> Clause 6 of the Finance (No. 2) Bill, 2014 amends section 10AA of the Income-tax Act, which pertains to deductions for newly established units in Special Economic Zones. The amendment introduces a new sub-section (10), effective from April 1, 2015, stating that if a deduction is claimed under section 10AA for profits of specified businesses, no deduction under section 35AD will be allowed for the same or any other assessment year. This change applies from the assessment year 2015-16 onwards.
TaxTMI 
