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of <h1>Section 80H: 50% tax deduction (up to Rs.100,000) for new industrial units employing displaced persons meeting specific conditions</h1> Section 80H provided a tax deduction for profits of new industrial undertakings employing displaced persons, allowing a deduction equal to 50% of such profits (capped at Rs.100,000) when computing total income. It applied to undertakings not formed by splitting, reconstruction, or transfer of previously used plant, beginning manufacture within three years after 1 April 1967, employing at least 40 workers daily, and having at least 60% of employees be displaced persons, repatriates or their dependent family members (measured as a daily average certified by the prescribed authority). The relief applied for the year production began and the nine succeeding assessment years; the section was later omitted.
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