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Deduction U/s 80 IC

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(Querist)
27 May 2011 My company if Manufacturing Tea
factory located in Assam

Value of Plant & Machinery as on 01.04.2011 without depreciation is 4 crore
in current year we have added 1.30 crore for purchase of machinery

can we avail deduction u/s 80 IC

Whats the time limit for availing deduction us 80 IC
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
27 May 2011 THE CONDITION FOR SECTION 80-IC BENEFIT IS THAT U SHLD HAVE UNDERTAKEN SUS EXPANSION DURING PERIOD 24.12.1997 TO 01.04.2007
CA MANOJ GUPTA
JODHPUR
09828510543

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