Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Bill 2016 amends Income-tax Act Section 10AA, affecting SEZ unit deductions for operations started 2006-2021.</h1> Clause 8 of the Finance Bill, 2016 amends section 10AA of the Income-tax Act, which concerns deductions for newly established units in Special Economic Zones. The amendment specifies that deductions for profits derived from exports are available to entrepreneurs whose units began operations between April 1, 2006, and before April 1, 2021. This change is effective from April 1, 2017, and applies to the assessment year 2017-2018 and subsequent years. The amendment targets entrepreneurs as defined in the Special Economic Zones Act, 2005, focusing on manufacturing, producing, or service-providing activities.