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

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.... 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 80-IA(4D)", substitute "El....

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....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 assessment years, comprising of a deduction of 100% of export profits for five ye....