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>Amendment to Section 84 revises tax exemptions for industrial profits, hotels, and ships; updates timelines and criteria.</h1> The amendment to Section 84 of the Income-tax Act, as per the Finance (No. 2) Act, 1967, revises tax exemptions on profits from industrial undertakings, hotels, and ships. It specifies that income-tax is not payable on profits up to six percent of the capital employed. It alters conditions for industrial undertakings, including manufacturing timelines and employment criteria, and introduces provisions for hotels and ships, detailing ownership, operational, and capital requirements. It also clarifies the application of these provisions to new businesses and the assessment periods for ships.
TaxTMI 
TaxTMI 
