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>Tax Deduction Changes: No Deductions for New Oil Refineries; 100% Deduction for Eligible Hospitals Under Section 80-IB.</h1> Section 80-IB of the Income-tax Act is amended to include two key provisions. First, no tax deduction is allowed for undertakings engaged in refining mineral oil if they begin operations on or after April 1, 2009. Second, a new sub-section (11C) grants a 100% tax deduction for five consecutive years for hospitals operating in India, excluding specified urban agglomerations, provided they meet certain conditions, such as having at least 100 beds, adhering to local construction regulations, and submitting an audit report with their tax return. The construction must occur between April 1, 2008, and March 31, 2013.
TaxTMI 
TaxTMI 
