(vii) amended sections 97 and 98 of the Finance (No.2) Act, 2004 (viii) amended section 13 of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002.26. Extension of the sunset date under section 80-IA of the Income-tax Act for the power sector. Startup India Stand Up India. Section 80IAC.it is not formed by the transfer to a new business of machinery or plant previously used for any purpose. Section 80IAC of the Income Tax Act. Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section(4) of section 80-IA of the Income-tax Act, 1961(43 of 1961)(hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notification of the Government of India in the Section 80IA of the Income Tax Act (Act) provides the extent and scope of deductionsIn the case of Excel Cotspin (India) P. Ltd. v. Dy. CIT, Chennai ITAT held that The Electricity Board purchased power produced by assessee who was manufacturer of Yarn and had installed windmill for the purpose. Chapter VIA deductions specified in sections 80C to 80U of Income-tax Act to be allowed while computing taxable income for Financial years 2016-17 onwards. This is in addition to deduction of Rs 2,00,000 allowed under section 24 of the Income Tax Act for a self-occupied house property.Prime Ministers Armenia Earthquake Relief Fund. Africa (Public Contributions — India) Fund.Section 80E Income Tax Deduction for Interest on Education Loan. All Posts tagged under Section 80IA of the Income Tax Act.TaxScan Media is a online news portal for reporting all news, articles, judgments, Circulars, orders and notifications relating to Taxation Laws in India. The income tax law in India consists of the following components: 1. Income tax Acts 2. Income tax rules 3. Finance Act 4.
Circulars, notifications etc 5. Legal decision of courts.From the gross total income so obtained, the deductions under sections 89G, 80GGA, 80GGC, 80IA, 80IC, and 80JJA Return filed under section (Enter code) AO No [Please see instruction number 9(i)]. Income-tax.x Chapter-XII-G. 33x. xi First Schedule of Income-tax Act.Deductions under section 80-IA. chTimes-B Deduction in respect of hundred percent Export Oriented units. Section 80-IA (sub section 4) of income tax Act, 1961 allows 100 tax waiver on the income generated for any single 10 year period during first 15 years of operational life of a power generation project. BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows:-1) This Act may be called the Income-tax Act, 1961.
No deduction shall be allowed under section 80HH or section 80HHA or section 80-I [section 80-IA] [section 80-IB] or section 80J in relation to the profits and 8.19 Finance Act 2016 introduced Section 286 which requires parent entity or the alternative reporting entity, resident in India, to furnish a prescribed report on or before theVIII) CERIFICATION WORK. (a) Issuing Certificates under the Income Tax Act i.e. U/s 80IA/80IB/10 A/10B other Certificates. 2. Rebate of income tax under section 87A: This rebate is allowed to an individual who is resident in India and whose total incomeAmendments as per Finance Act, 2016 - applicable for June 2017 terms of Examinations. Section 80IA 80IAB, and 80IB -Deduction in respect of profits derive from. Namaskar Dosto, Aaj ke is Video me hum log Section 80C ko in detail start kar rahe hai, ye video 6 series ka video hai jisme se ye 5th video hai, isme hum G/ First Schedule of Income-tax Act. 4.