Special Economic Zone development deduction applies only to Developers meeting audit, filing, and claim conditions for eligible profits.

Deduction is available to a Developer whose income includes profits derived from developing a notified Special Economic Zone, subject to the conditions and time limits linked to section 80-IAB. The claim requires audited books, a timely return, and a claim made in the return, and the deduction is computed at 100% of eligible profits for 10 consecutive assessment years out of 15 from notification. Inter-unit transfers are to be valued at market value, and the eligible business is to be computed as if it were the only source of income.

---

---

---