80IA benefit querry

[CA Rachit Agarwal]

There is limitations for availing 80IA benefit for the following business undertakings:

 

1. Telecommunicaiton Services- 31.03.2005

2. Develops, operates, maintaines Industrial Park- 31.03.2011

3. Power Generation - 31.03.2011

 

Is there any time bound limitations for availing the benefit for the operating and development of INFRASTRUCTURE FACILITY.

 

AI Summary

Clarification on 80IA Tax Benefit: No Sunset Clause for Infrastructure Facilities, Claimable for 10 Years After Start. A query was raised regarding the time limitations for availing the 80IA tax benefit for certain business undertakings, specifically telecommunications services, industrial park operations, and power generation. The question also asked about time-bound limitations for infrastructure facility operations and development. In response, it was clarified that for infrastructure facilities as mentioned in section 80-IA (4)(i), there is no sunset clause, allowing an assessee to claim the benefit for ten years after the commencement of the activity or business.