Deduction rate increase under tax amendment expands relief for eligible industrial undertakings and investment incentives. The Income-tax (Amendment) Act, 1986 substitutes the words "twenty-five per cent." with "fifty per cent." in section 80HHB of the principal Act, thereby ... Summary
Deduction rate increase under tax amendment expands relief for eligible industrial undertakings and investment incentives.
The Income-tax (Amendment) Act, 1986 substitutes the words "twenty-five per cent." with "fifty per cent." in section 80HHB of the principal Act, thereby increasing the statutory deduction rate specified in that provision for eligible taxpayers.
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