Deduction eligibility under sections 80-IA/80-IB/80-IC clarified: revised Form 10CCB imposes detailed compliance and documentation requirements. The amendment substitutes Form No. 10CCB under rule 18BBB, expanding eligible references and adding hospitals in rural areas. The new Form 10CCB prescribes detailed information and documentary attachments for claiming industrial deductions: assessee and enterprise particulars, category of eligible business, commencement and assessment year, registrations and approvals, transfer or prior claim details, particulars of substantial expansion or renovation, financials including sales and profits, related party transactions, and supporting balance sheet and profit and loss accounts. An auditor's declaration by a qualified accountant certifying compliance and conditions is required.
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Deduction eligibility under sections 80-IA/80-IB/80-IC clarified: revised Form 10CCB imposes detailed compliance and documentation requirements.
The amendment substitutes Form No. 10CCB under rule 18BBB, expanding eligible references and adding hospitals in rural areas. The new Form 10CCB prescribes detailed information and documentary attachments for claiming industrial deductions: assessee and enterprise particulars, category of eligible business, commencement and assessment year, registrations and approvals, transfer or prior claim details, particulars of substantial expansion or renovation, financials including sales and profits, related party transactions, and supporting balance sheet and profit and loss accounts. An auditor's declaration by a qualified accountant certifying compliance and conditions is required.
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