Amendment of Section 80-IB

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on or after the 1 st day of April, 2009."; ( b ) after sub-section ( 11B ), the following sub-section shall be inserted with effect from the 1 st day of April, 2009, namely:— '( 11C ) The amount of deduction in the case of an undertaking deriving profits from the business of operating and maintaining a hospital located anywhere in India, other than the excluded area, shall be hundred per ce .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 88, certifying that the deduction has been correctly claimed. Explanation .— For the purposes of this sub-section,— ( a ) a hospital shall be deemed to have been constructed on the date on which a completion certificate in respect of such construction is issued by the local authority concerned; ( b ) "initial assessment year" means the assessment year relevant to the previous year in which .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X