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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clarification Issued: 'State' in Section 80-IB(4) Includes Union Territories for Tax Deductions in Backward Regions.</h1> Sub-section (4) of section 80-IB of the Income-tax Act, 1961, provides deductions for industrial undertakings in industrially backward regions listed in the Eighth Schedule. The Board has observed that some authorities are interpreting 'State' in this section restrictively, excluding Union Territories from the benefits. The Board clarifies that 'State' in this context includes Union Territories specified in the Eighth Schedule, ensuring these regions can also avail the deductions under section 80-IB(4). This clarification is formalized in Circular No. 788, dated April 11, 2000.
TaxTMI 
TaxTMI 
