EXEMPTIONS

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sanjay kumar soni

sanjay kumar soni (Querist)
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12 October 2009 WHAT ARE THE EXEMPTIONS / RELIEFS TO THE HOSPITAL PROJECTS AT PRESENT UNDER INCOME TAX AND AS SSI UNIT.

Rajeev

Rajeev (Expert)
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13 October 2009 80IB(11C) Providing deduction for new undertaking in the business of operating and maintaining Hospitals, anywhere in India
Exemption of 100% of profits for 5 consecutive years, derived from business of running hospitals, provided the hospital construction begins after 1.4.2008 and starts functioning before 31.3.2013.

If for charitable purpose and fee is not charged , can try and cover u/s 2(15)

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