TMI BlogDeductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic ZoneX X X X Extracts X X X X X X X X Extracts X X X X ..... l income of an assessee, being a Developer, includes any profits and gains derived by an undertaking or an enterprise from any business of developing a Special Economic Zone, notified on or after the 1st day of April, 2005 under the Special Economic Zones Act, 2005, there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of the asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the provisions of sub-section (13) of section 80-IA, the undertaking being the Developer shall be entitled to deduction referred to in this section only for the unexpired period of ten consecutive assessment years and thereafter it shall be eligible for deduction from income as provided in sub-section (1) or sub-section (2), as the case may be : Provided further that in a case where an undert ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... same meanings respectively as assigned to them in clauses ( g ) and ( za ) of section 2 of the Special Economic Zones Act, 2005.] ----------------------------------- Notes :- 1. Inserted by the Special Economic Zones Act, 2005, w.e.f. 10-2-2006. 2. Inserted vide THE FINANCE ACT, 2016 w.e.f. 1st day of April, 2017. - - statute, statutory provisions legislation, l ..... X X X X Extracts X X X X X X X X Extracts X X X X
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