https://www.taxtmi.com/acts?id=20426 The Bill inserts a proviso in sub section (1) of section 80 IAB excluding an assessee who is a developer where the development of a Special Economic Zone begins on or after 1 April 2017 from the section's deduction; previously developers commencing development on or after 1 April 2005 were entitled to a 100% deduction of profits and gains from such business. The amendment takes effect from 1 April 2017 and applies to the assessment year 2017 2018 and thereafter. en-us Mon, 29 Feb 2016 16:38:07 +0530 Mon, 29 Feb 2016 16:38:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20426 The Bill inserts a proviso in sub section (1) of section 80 IAB excluding an assessee who is a developer where the development of a Special Economic Zone begins on or after 1 April 2017 from the section's deduction; previously developers commencing development on or after 1 April 2005 were entitled to a 100% deduction of profits and gains from such business. The amendment takes effect from 1 April 2017 and applies to the assessment year 2017 2018 and thereafter. Act-Rules Bill Mon, 29 Feb 2016 16:38:07 +0530 https://www.taxtmi.com/acts?id=20426