Income-tax (16th Amendment), Rules, 2002

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..... rules further to amend the Income-tax Rules, 1962. namely: - 1. (1) These Rules may be called the Income-tax (16th Amendment), Rules, 2002 (2) They shall be deemed to, have come into force on the lst day of April, 2001. 2. In the Income-tax Rules, 1962, in Rule 18C, with effect from 1st day of April, 2001. (i) For the heading "Eligibility of Industrial Parks for benefits under Section .....

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..... NATORY MEMORANDUM Under section 10A of the Income tax Act, 1961 undertaking operating from a Special Economic Zone (SEZ), which manufacture articles/things or computer software arc eligible for deduction of export profits. For undertakings commencing operation from the notified Special Economic Zones (SEZs) on or after Ist April, 2002, the tax holiday is available for a total period of seven a .....

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..... ion of special economic zones for the purpose of benefit to developers of special economic zones under section 80-IA of the I.T. Act. 4. These changes will come into force with retrospective effect from 1st of April, 2001. 5. It is certified that the above-mentioned amendment to the said rule 18C shall not prejudicially affect the interest of any assessee. Footnote: The principal rules .....

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