https://www.taxtmi.com/acts?id=46689 The amendment limits the deduction for small-scale industrial undertakings by providing it in respect of each of the ten previous years beginning with the previous year in which the industrial undertaking began and by inserting a proviso disallowing the deduction for any of those years in which the undertaking is not a small-scale industrial undertaking as defined in the Explanation; it also adjusts the business-turnover thresholds for small-scale status to ten lakh for years ending before 1 August 1980 and to twenty lakh for years ending after 31 July 1980. en-us Sat, 28 Dec 2024 11:29:02 +0530 Sat, 28 Dec 2024 11:29:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46689 The amendment limits the deduction for small-scale industrial undertakings by providing it in respect of each of the ten previous years beginning with the previous year in which the industrial undertaking began and by inserting a proviso disallowing the deduction for any of those years in which the undertaking is not a small-scale industrial undertaking as defined in the Explanation; it also adjusts the business-turnover thresholds for small-scale status to ten lakh for years ending before 1 August 1980 and to twenty lakh for years ending after 31 July 1980. Act-Rules F. Acts / Amendment Acts Sat, 28 Dec 2024 11:29:02 +0530 https://www.taxtmi.com/acts?id=46689