80i c exemption and restriction on that, Income Tax

[bharathesh b]

Sir,

if we have claimed an exemption for 5 year at the rate of 100 percent and remaining 5 years at the rate of 25 percent on profit ,

after completion of 10 years may i shut my business?

and if got 5 year exemption at 100 percent  and later i did't continue my business ! what are the Consequences?

please help me on this issue. 

Posts / Replies

[CA GOPALJI AGRAWAL]

There would be no reverse consequences if business is discontinued.