[Section 80-IA]- Deduction in respect of Profits and Gains from Undertakings engaged in Infrastructure Development

 

Table of Contents:

·         (A) [Section 80-IA(4)(i)]- Essential conditions for Enterprises carrying on the Business of Infrastructure Facility

·         (B) [Section 80-IA(4)(iv)]- Essential Conditions of Undertaking engaged in Generation of Power, etc.

·         (C) Conditions applicable to all Undertakings / Enterprises mentioned above to get Deduction U/s 80-IA(4)(i).

o    Audit of accounts [Section 80-IA(7)]:

o    [Section 80-IA(8)]- Inter-unit transfer of goods or services:

o    Double deduction not allowed [Section 80-IA(9)]:

o    Restriction of excessive profits [Section 80-IA(10)]:

o    [Section 80-IA(11)]- Power of Central Government to declare that the section shall not apply:

o    [Section 80AC]- Deduction not to be allowed in cases where return is not filed within the specified time limit:

·         Quantum and Period of Deduction in case of all above Undertakings / Enterprises U/s 80-IA

 

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