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of <h1>Section 80IE: 100% profit deduction for eligible North-Eastern undertakings for ten years if new or substantial expansion</h1> Section 80IE grants a 100% deduction of profits from specified businesses carried on by eligible undertakings in the North-Eastern States for ten consecutive assessment years starting with the initial assessment year, where the undertaking begins between 1 April 2007 and before 1 April 2017. It applies to new undertakings or substantial expansions (=25% increase in plant and machinery investment), subject to anti-abuse rules against reconstruction or transfer of used plant. Certain goods and activities are excluded, deductions under specified other provisions are barred, and overall deduction periods across related incentives cannot exceed ten years.
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