80i c exemption and restriction on that

[bharathesh b]

Sir,

if we have claimed an exemption for 5 year at the rate of 100 percent and remaining 5 years at the rate of 25 percent on profit ,

after completion of 10 years may i shut my business?

and if got 5 year exemption at 100 percent  and later i did't continue my business ! what are the Consequences?

please help me on this issue. 

AI Summary

Shutting Down Business Post-Section 80i C Tax Exemptions: No Reverse Consequences After Exemption Period Ends. A participant in a discussion forum inquired about the consequences of shutting down a business after claiming income tax exemptions under section 80i c, which allows for a 100% exemption for five years and a 25% exemption for the subsequent five years. The concern was whether closing the business after utilizing these exemptions would lead to any negative repercussions. A respondent clarified that there would be no reverse consequences if the business is discontinued after the exemption period.