Deduction under section 80-IA expanded to cover development and operation of special economic zones and broadened eligibility. The amendment adds development, development-and-operation, and maintenance-and-operation of special economic zones to the qualifying activities in ... Summary
Deduction under section 80-IA expanded to cover development and operation of special economic zones and broadened eligibility.
The amendment adds development, development-and-operation, and maintenance-and-operation of special economic zones to the qualifying activities in subsection (2) for deduction under section 80-IA, and replaces subsection (7)'s restrictive phrase limiting the deduction to persons other than companies or co-operative societies with the broader phrase "The deduction," thereby broadening the statutory eligibility language.
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