Prescribed area, minimum seating capacity, facilities and amenities for convention centres; minimum number of convention halls in the convention centres; and particulars of audit report, for deduction under section 80-ID.

Prescribed area, minimum seating capacity, facilities and amenities for convention centres; minimum number of convention halls in the convention centres; and particulars of audit report, for deduction under section 80-ID. https://www.taxtmi.com/news?id=205 A new tax incentive grants a 100% deduction for profits from hotels or building, owning and operating convention centres, contingent on meeting prescribed physical and operational standards (area, seating capacity, facilities, minimum halls). Claimants must submit a prescribed audit report signed by an accountant certifying the correctness of the deduction. Implementing rules and a prescribed auditor's form have been inserted to give effect to these requirements. en-us Fri, 30 Nov 2007 19:04:00 +0530 Fri, 22 Aug 2025 17:40:00 +0530 TaxTMI RSS Generator Prescribed area, minimum seating capacity, facilities and amenities for convention centres; minimum number of convention halls in the convention centres; and particulars of audit report, for deduction under section 80-ID. https://www.taxtmi.com/news?id=205 A new tax incentive grants a 100% deduction for profits from hotels or building, owning and operating convention centres, contingent on meeting prescribed physical and operational standards (area, seating capacity, facilities, minimum halls). Claimants must submit a prescribed audit report signed by an accountant certifying the correctness of the deduction. Implementing rules and a prescribed auditor's form have been inserted to give effect to these requirements. News - Fri, 30 Nov 2007 19:04:00 +0530 https://www.taxtmi.com/news?id=205