https://www.taxtmi.com/acts?id=49533 Deductions under substituted sections 80-IA and 80-IB allow eligible industrial undertakings and specified enterprises (infrastructure, telecommunication, industrial parks, power, hotels, ships, research, mineral oil, housing and cold chain) to claim prescribed percentage deductions from profits for defined consecutive assessment years, subject to formation, plant use, commencement, ownership, contractual and approval conditions; special computation treats the eligible business as a separate source, intra group transfers are valued at market value for deduction purposes, audited accounts are required for non company assessees, and transfer/amalgamation rules and Government notification powers affect applicability. en-us Sat, 22 Feb 2025 11:05:48 +0530 Sat, 22 Feb 2025 11:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49533 Deductions under substituted sections 80-IA and 80-IB allow eligible industrial undertakings and specified enterprises (infrastructure, telecommunication, industrial parks, power, hotels, ships, research, mineral oil, housing and cold chain) to claim prescribed percentage deductions from profits for defined consecutive assessment years, subject to formation, plant use, commencement, ownership, contractual and approval conditions; special computation treats the eligible business as a separate source, intra group transfers are valued at market value for deduction purposes, audited accounts are required for non company assessees, and transfer/amalgamation rules and Government notification powers affect applicability. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 11:05:48 +0530 https://www.taxtmi.com/acts?id=49533