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 2016 amends Section 80-IB, limiting tax deductions for businesses starting after April 1, 2017.</h1> Clause 42 of the Finance Bill, 2016 amends section 80-IB of the Income-tax Act, specifically sub-section (9), to update the eligibility period for tax deductions on profits from certain industrial undertakings. The amendments specify that clauses (ii), (iv), and (v) will not apply to enterprises commencing business on or after April 1, 2017. This change affects deductions available for undertakings in specified areas, ensuring they are only applicable to businesses starting before this date. The amendments are effective from April 1, 2017, impacting the assessment year 2017-2018 and beyond.
TaxTMI 
TaxTMI 
