https://www.taxtmi.com/acts?id=49141 A full deduction equal to 100% of profits and gains is allowed for eligible undertakings in specified North-Eastern States for ten consecutive tax years starting with the initial tax year. Eligibility requires new formation or qualifying substantial expansion within the prescribed period and bars formation by splitting or transfer of previously used plant, subject to defined exceptions. The deduction is exclusive of other chapter deductions for the same profits and gains and cannot be combined to extend the total deduction period; specified products are excluded and eligible businesses and key terms are defined. en-us Fri, 14 Feb 2025 17:12:49 +0530 Thu, 20 Feb 2025 12:34:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49141 A full deduction equal to 100% of profits and gains is allowed for eligible undertakings in specified North-Eastern States for ten consecutive tax years starting with the initial tax year. Eligibility requires new formation or qualifying substantial expansion within the prescribed period and bars formation by splitting or transfer of previously used plant, subject to defined exceptions. The deduction is exclusive of other chapter deductions for the same profits and gains and cannot be combined to extend the total deduction period; specified products are excluded and eligible businesses and key terms are defined. Act-Rules Bills Fri, 14 Feb 2025 17:12:49 +0530 https://www.taxtmi.com/acts?id=49141