banner_ad

first time defination of manufactering as per income tax act

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 December 2009 hello friendz
i have come to know that a new definition of manufacturing has been introduced by income tax first time in budget 2009
plz explain me this definition.
as one of our client wants to take exemption under sec.80IC and for this we need that its product must come under defination of mfg.
plz explain it with examples and interpretations also,if possible.

thankx
Profile Image

CA.Tarun Maheshwari

Profile Image

CA.Tarun Maheshwari (Expert)
13 December 2009 Its difficult to explain the term 'manufacturing' with examples. Better to take help of definition as per excise act. It differes from case to case. If you look at first sight at the definition, it will seem that any small change will result into the manufacturing. I am also handling 3-4 cases of 80IC, and for each case, I was to do lot many research on its coverage in manufacturing definition. So better to research on it deeply, because its a sensitive matter as it is covered in section 80IC, the fully tax exemption provisions.
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
14 December 2009 Its a huge Defination different from case to case as per Tarun sir. you have to explain you client case to get advice/reply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details