Clarification - Deduction u/s 80IC

[DEEPAK GOYAL]

An enterprise is having its unit in Baddi and availing deduction u/s 80IC, from last two yrs, now it has started two other units, one at same address and other at different address, will deduction be seperately available to each unit independently, or it will be available collectively for all the units.

AI Summary

Clarification on Tax Deductions Under Section 80IC for New Business Units: Separate Claims Possible for New Establishments. An enterprise located in Baddi, which has been availing tax deductions under section 80IC for the past two years, has started two additional units-one at the same address and another at a different location. The query seeks clarification on whether the tax deduction can be claimed separately for each unit or collectively. The response indicates that if the new units are expansions of the existing unit, the exemption would merge with the current one. However, if they are new establishments, separate exemptions can be claimed for each unit.