Income-tax Act, 1961
Section - 80HHA - Deduction in respect of profits and gains from newly estabÂlished small-scale industrial undertakings in certain areas
Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas.80HHA. (1) Where the gross total income of an assessee includes any profits and gains derived from a small-scale industrial undertaking to which this section applies, there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of the assessee, a deduction from such profits and gains of an amount equal to twenty per cent thereof.(2) This section applies to any small-scale industrial undertaking which fulfils all the following conditions, namely :-
| (i) | - | it begins to manufacture or produce articles after the 30th day of September, 1977 but before the 1st day of April, 1990, in any rural area ; |
| (ii) | - | it is not formed by the splitting up, or the reconstruction, of a business already in existence : |
| - | Provided that this condition shall not apply in respect of any small-scale industrial undertaking which is formed as a result of the re-establishment, reconstruction or revival by the assessee o .... To read the full section download the app from Google Play store
24 October 2026
CA Industrial TraineeFytomax Nutrition Private Limited Aurangabad CA Inter View Details
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