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>Section 80IB Deductions for New Eligible Businesses Based on Activity, Location, Timing and Employee or Machinery Criteria</h1> Where an assessee's gross total income includes profits from specified eligible businesses, Section 80IB permits deductions from those profits subject to conditions: the undertaking must be new (not formed by splitting/reconstruction or by transfer of previously used plant except as permitted), meet employee or machinery thresholds, and commence within prescribed periods. Deduction rates and durations vary by activity and location-e.g., 25% (30% for companies) for general industrial undertakings, 100% for selected backward-area or notified activities for initial years, higher rates or longer periods for hotels, multiplexes, convention centres, R&D, mineral oil, housing projects, cold chains, food processing and hospitals-with specified eligibility, location, timing and audit requirements.
TaxTMI 
TaxTMI 
