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Income Tax - Highlights / Catch Notes

Home Highlights December 2021 Year 2021 This

Deduction u/s 80IA - the scope of deduction under Section 80IA ...

Income Tax

December 1, 2021

Deduction u/s 80IA - the scope of deduction under Section 80IA of the Act is limited to determination of quantum of deduction by treating eligible business as the only source of income. Therefore, the deduction cannot be denied because the deduction under Section 80IA has to be computed unit wise and not for the business as a whole. - HC

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