TaxTMI 
TaxTMI 
TaxTMI 
deduction U/S 80 IB
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....eduction U/S 80 IB<br> Query (Issue) Started By: - sanjeev agrawal Dated:- 11-9-2010 Last Reply Date:- 18-9-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>Vide sub section 11A deduction is available ....
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....to an undertaking deriving proit from the integrated business of handling,storage and transportation of foodgrains. WILL it cover manufacturers or processors of foodgrains such as rice mills, dal mill....
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....s, flour mills etc. as they apart from manufacturting turing/processing, also do handling ,storage and transportation of food grains. Reply By Rama Krishana: The Reply: Section 80 IB (11A) allows ded....
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....uction in case of integrated business of handling, storage and transportation of food grains apart from other exemptions. Processing of foodgrains such as rice milling, dal milling and flour milling d....
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....o not meet the conditions of integrated business or handling storage and transportation of good grains and hence not eligible for exemption under sub section 11A of section 80 IB. However, if you open....
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.... a new unit dedicated to integrated business of handling, storage and transportation of food grains (not part of milling industry), you can claim deduction for that unit.<br> Discussion Forum - Knowle....
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....dge Sharing ....