Special provisions in respect of certain undertakings in certain special category states - (Old) Section 80-IC [ upto 31.03.2026 ]

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....ion on Profits of Eligible Undertakings [ Section 80-IC(1) ] • The assessee must have an undertaking or enterprise. • The undertaking must carry on an eligible business specified under sub-section (2). • The undertaking must earn profits and gains from that eligible business. • Such profits must form part of the Gross Total Income (GTI). Only ....

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....rated Infrastructure Development Centre • Industrial Growth Centre • Industrial Estate • Industrial Park • Software Technology Park • Industrial Area • Theme Park These areas must be notified by the CBDT under Government schemes. (b) Manufacture or produce any article or thing, not being any article or thing specif....

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....;100% Deduction for Ten Assessment Years Applicable to: • Sikkim • North-Eastern States Eligible deduction: • 100% of eligible profits • for ten consecutive assessment years commencing with the initial assessment year. No reduction after five years. (ii) 100% Deduction for Initial Five Years and Reduced Deduction Thereafter Ap....

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....tion, of a business already in existence : • Exception - this condition shall not apply in respect of an undertaking which is formed as a result of the re-establishment, reconstruction or revival by the assessee of the business of any such undertaking as is referred to in section 33B, in the circum­stances and within the period specified in that section; • (....