https://www.taxtmi.com/acts?id=47321 A new investment-linked deduction permits a deduction of twenty-five per cent of profits and gains from industrial undertakings commencing manufacture or cold storage operation, ships first brought into use, and hotels starting business on or after 1 April 1990, with companies entitled to a thirty per cent rate. The amendment extends previously prescribed deduction durations from nine years to fourteen years, advances a reference date to before 1 April 1995, and increases specified assessment year periods (seven to nine, and nine to eleven for co-operative societies). en-us Fri, 10 Jan 2025 18:22:12 +0530 Fri, 10 Jan 2025 18:22:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47321 A new investment-linked deduction permits a deduction of twenty-five per cent of profits and gains from industrial undertakings commencing manufacture or cold storage operation, ships first brought into use, and hotels starting business on or after 1 April 1990, with companies entitled to a thirty per cent rate. The amendment extends previously prescribed deduction durations from nine years to fourteen years, advances a reference date to before 1 April 1995, and increases specified assessment year periods (seven to nine, and nine to eleven for co-operative societies). Act-Rules F. Acts / Amendment Acts Fri, 10 Jan 2025 18:22:12 +0530 https://www.taxtmi.com/acts?id=47321