https://www.taxtmi.com/acts?id=46495 Section 80HHA grants a deduction equal to twenty per cent of profits and gains of newly established small-scale industrial undertakings in rural areas for each of the ten assessment years starting with commencement of manufacture or production. Eligibility hinges on commencement date, rural location, absence of business splitting or reconstruction (with limited exception), restrictions on transfer of used plant, employment-size thresholds, and an installed machinery and plant value ceiling. Non-corporate claimants must furnish an auditor's report; the section borrows computation rules from section 80HH, takes precedence over section 80J, and excludes mining undertakings. en-us Fri, 20 Dec 2024 16:13:41 +0530 Fri, 20 Dec 2024 16:13:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46495 Section 80HHA grants a deduction equal to twenty per cent of profits and gains of newly established small-scale industrial undertakings in rural areas for each of the ten assessment years starting with commencement of manufacture or production. Eligibility hinges on commencement date, rural location, absence of business splitting or reconstruction (with limited exception), restrictions on transfer of used plant, employment-size thresholds, and an installed machinery and plant value ceiling. Non-corporate claimants must furnish an auditor's report; the section borrows computation rules from section 80HH, takes precedence over section 80J, and excludes mining undertakings. Act-Rules F. Acts / Amendment Acts Fri, 20 Dec 2024 16:13:41 +0530 https://www.taxtmi.com/acts?id=46495