Specified knowledge-based industries cover technology, entertainment, pharmaceutical and biotechnology services, with additional sectors eligible through official notification. The expression specified knowledge based industry or service, for the purposes of sub-section (1) of section 115ACA of the Income-tax Act, 1961, means a ... Summary
Specified knowledge-based industries cover technology, entertainment, pharmaceutical and biotechnology services, with additional sectors eligible through official notification.
The expression specified knowledge based industry or service, for the purposes of sub-section (1) of section 115ACA of the Income-tax Act, 1961, means a defined group comprising information technology software, information technology services, entertainment services, pharmaceutical industry and biotechnology industry. Its scope further includes any other industry or service specified by the Central Government through a notification published in the Official Gazette.
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