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)
CAclubindia
