Income-tax Act, 1961

Special provisions in respect of newly established Units in Special Economic Zones.

10AA. (1) Subject to the provisions of this section, in computing the total income of an assessee, being an entrepreneur as referred to in clause (j) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005), from his Unit, who begins to manufacture or produce articles or things or provide any services during the previous year relevant to any assessment year commencing on or after the 1st day of April, 2006, but before the first day of April, 2021, the following deduction shall be allowed-

(i)	-	hundred per cent of profits and gains derived from the export, of such articles or things or from services for a period of five consecutive assessment years beginning with the assessment year relevant to the previous year in which the Unit begins to manufacture or produce such articles or things or provide services, as the case may be, and fifty per cent of such profits and gains for further five assessment years and thereafter;
(ii)	-	for the next five consecutive assessment years, so much of the amount not exceeding fifty per cent of the profit as is debited to the profit and loss account of the previous year in respect of which the deduction is to be allowed and credited to a reserve account (to be c .... To read the full section download the app from Google Play store Latest Job Openings View all ARTICLESHIP 18 September 2026 Industrial Trainee Twenty Point Nine Five Ventures Private Limited Noida CA Inter View Details 22 September 2026 Account Assistant Chirag P Shah & Co. Chartered Accountant Pune B.Com View Details ARTICLESHIP 28 September 2026 Junior Accountant J S P M & Associates LLP Pune B.Com View Details ARTICLESHIP 16 September 2026 Article Assistant MANUJ SHARMA AND COMPANY Noida CA Inter View Details 16 September 2026 Internal Audit - Team Lead Consulting & Beyond Chennai CA View Details 09 September 2026 Chartered Accountant Aviv Global Private Limited Ahmedabad CA View Details Featured 11 September 2026 Audit Executive RBSM Corporate Advisors Private Limited Pune CA View Details ARTICLESHIP 30 September 2026 CA Article Assistant CA Suraj Garg & Associates New Delhi CA Final View Details Share  Facebook  Twitter  Linkedin  Reddit  Email  Whatsapp  Gmail  Print  PDF Finance and Tax WhatsApp groups list CCI All Updates (WA Group) CCI All Updates (WA Channel) CCI All Updates (Telegram Channel) GST Income Tax CA Final CA Inter CA Foundation CCI Jobs CS CCI Webinars CCI Pro Login at CAclubindia CAclubindia India's largest network for finance professionals User Name Password Remember Me Forgot Password ? Alternatively, you can log in using: Login with Google Don't have an account? Register Now click here to register Follow Us