Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste Where the gross total income of an assessee includes any profits and gains derived from the business of collecting and processing or treating of bio-degradable waste for generating power or producing bio-fertilizers, bio-pesticides or other biological agents or for […]

Deduction in respect of profits and gains from business of poultry farming [Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration |

Deduction in respect of profits and gains from newly established industrial undertakings or ships or hotel business in certain cases [Omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1989.] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST

Special provisions in respect of certain undertakings in North-Eastern States (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking, to which this section applies, from any business referred to in sub-section (2), there shall be allowed, in computing the total income of the assessee, a deduction

Deduction in respect of profits and gains from business of hotels and convention centres in specified area (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking from any business referred to in sub-section (2) (such business being hereinafter referred to as the eligible business), there shall,

Special provisions in respect of certain undertakings or enterprises in certain special category States (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking or an enterprise from any business referred to in sub-section (2), there shall, in accordance with and subject to the provisions of this

Deductions in respect of profits and gains from housing projects (1) Where the gross total income of an assessee includes any profits and gains derived from the business of developing and building housing projects, there shall, subject to the provisions of this section, be allowed, a deduction of an amount equal to hundred per cent

Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings (1) Where the gross total income of an assessee includes any profits and gains derived from any business referred to in sub-sections (3) to (11), (11A) and (11B) (such business being hereinafter referred to as the eligible business), there

The Indian government has extended the tax benefits for startups under Section 80-IAC of the Income Tax Act, 1961. Previously, only startups incorporated between April 1, 2016, and March 31, 2024, could claim tax deductions under this section. However, with the Finance Bill 2025, this deadline has been extended to March 31, 2030. This means

Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone (1) Where the gross total income of an assessee, being a Developer, includes any profits and gains derived by an undertaking or an enterprise from any business of developing a Special Economic Zone, notified on or