https://www.taxtmi.com/acts?id=49801 Substituted sub-section (1) allows a full deduction of profits and gains from an eligible business for a prescribed consecutive period of assessment years. Sub-section (2) proviso is amended to extend the period for undertakings that develop or operate and maintain specified infrastructure facilities. New sub-section (2A) provides a phased deduction regime for telecommunication service providers, with an initially higher deduction for an initial block of assessment years followed by a lower deduction for a subsequent block. The term "industrial undertaking" is replaced by "undertaking" and the Explanation to clause (i) defines qualifying infrastructure facilities; "goods" is expanded to "goods or services" with market value defined. en-us Tue, 25 Feb 2025 12:10:39 +0530 Tue, 25 Feb 2025 12:10:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49801 Substituted sub-section (1) allows a full deduction of profits and gains from an eligible business for a prescribed consecutive period of assessment years. Sub-section (2) proviso is amended to extend the period for undertakings that develop or operate and maintain specified infrastructure facilities. New sub-section (2A) provides a phased deduction regime for telecommunication service providers, with an initially higher deduction for an initial block of assessment years followed by a lower deduction for a subsequent block. The term "industrial undertaking" is replaced by "undertaking" and the Explanation to clause (i) defines qualifying infrastructure facilities; "goods" is expanded to "goods or services" with market value defined. Act-Rules F. Acts / Amendment Acts Tue, 25 Feb 2025 12:10:39 +0530 https://www.taxtmi.com/acts?id=49801