Excess Provision in Section 80IA is Part of Profit, Not Separate Income, Allowing Eligible Deduction.

Excess Provision in Section 80IA is Part of Profit, Not Separate Income, Allowing Eligible Deduction. https://www.taxtmi.com/highlights?id=23325 Deduction u/s 80IA -`Excess provision written back’ - it cannot be characterized as anything other than part and parcel of profit derived from eligible enterprise. In reality, the excess provision written back is not an income in itself, but, a reduced amount of eligible deduction in the computation of profits derived from eligible enterprise - deduction allowed - AT en-us Sat, 13 Jun 2015 07:26:53 +0530 Sat, 13 Jun 2015 07:26:53 +0530 TaxTMI RSS Generator Excess Provision in Section 80IA is Part of Profit, Not Separate Income, Allowing Eligible Deduction. https://www.taxtmi.com/highlights?id=23325 Deduction u/s 80IA -`Excess provision written back’ - it cannot be characterized as anything other than part and parcel of profit derived from eligible enterprise. In reality, the excess provision written back is not an income in itself, but, a reduced amount of eligible deduction in the computation of profits derived from eligible enterprise - deduction allowed - AT Highlights Income Tax Sat, 13 Jun 2015 07:26:53 +0530 https://www.taxtmi.com/highlights?id=23325