Section 80IC: Assembling Watch Parts Qualifies as Manufacturing for Income Tax Deduction Eligibility. https://www.taxtmi.com/highlights?id=42248 Deduction u/s 80IC - proof of manufacturing activity - assembling of various parts in a specified manner and the net results into watches which are used by the public at large for different purposes and is commercially known differently, therefore, it amounts to manufacturing. en-us Wed, 24 Oct 2018 12:26:15 +0530 Wed, 24 Oct 2018 12:26:15 +0530 TaxTMI RSS Generator Section 80IC: Assembling Watch Parts Qualifies as Manufacturing for Income Tax Deduction Eligibility. https://www.taxtmi.com/highlights?id=42248 Deduction u/s 80IC - proof of manufacturing activity - assembling of various parts in a specified manner and the net results into watches which are used by the public at large for different purposes and is commercially known differently, therefore, it amounts to manufacturing. Highlights Income Tax Wed, 24 Oct 2018 12:26:15 +0530 https://www.taxtmi.com/highlights?id=42248