Any body kindly provide me the compleet list of requirments to be fuilfilled for Sec 80IC
THANX
1 Replies
SUNIL GARG
(CHARTERED ACCOUNTANT)
(175 Points)
Replied 24 April 2011
Dear Sailesh,
If you read section 80IC, it clearly says that there are certain areas e.g. Uttranchal, Himachal Pradesh etc. where if you set up a new undertaking then you get 100% deduction under Income Tax Act for certain years.
As a CA, we have to give a report in Form 10CCB.
With Regards,
CA. Sunil Garg.
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