Section 80-IC deduction rules govern eligible undertakings, location-based tax relief, and limits on claim periods. Section 80-IC allows deduction for profits of eligible undertakings in specified special category States and notified industrial areas, subject to conditions on eligible business, location, commencement period, and inclusion of profits in gross total income. The deduction is available at 100% for ten assessment years in Sikkim and the North-Eastern States, and at 100% for five years followed by 25% or 30% for companies in Himachal Pradesh and Uttarakhand, with an overall ceiling of ten assessment years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Section 80-IC deduction rules govern eligible undertakings, location-based tax relief, and limits on claim periods.
Section 80-IC allows deduction for profits of eligible undertakings in specified special category States and notified industrial areas, subject to conditions on eligible business, location, commencement period, and inclusion of profits in gross total income. The deduction is available at 100% for ten assessment years in Sikkim and the North-Eastern States, and at 100% for five years followed by 25% or 30% for companies in Himachal Pradesh and Uttarakhand, with an overall ceiling of ten assessment years.
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