17 April 2013
80IA is related to the deduction in respect of profit and gains from undertakings or enterprises engaged in infrastructure development etc.
Nature of Undertakings:- 1.any enterprise carrying on the business of a) developing b) operating and maintaining c) developing, operating, maintaining any infrastructure facility 2. Telecommunication Services 3. Industrial Park 4. Power Sector
Quantum of deduction will be 30% to 100% of profits.
Assessee will not be eligible for sec 80IA if he is executing works contracts.
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