TMI Blogdeduction U/S 80 IBX X X X Extracts X X X X X X X X Extracts X X X X ..... Vide sub section 11A deduction is available to an undertaking deriving proit from the integrated business of handling,storage and transportation of foodgrains. WILL it cover manufacturers or process ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ors of foodgrains such as rice mills, dal mills, flour mills etc. as they apart from manufacturting turing/processing, also do handling ,storage and transportation of food grains. - Reply By Rama Kri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shana - The Reply = Section 80 IB (11A) allows deduction in case of integrated business of handling, storage and transportation of food grains apart from other exemptions. Processing of foodgrains suc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h as rice milling, dal milling and flour milling do not meet the conditions of integrated business or handling storage and transportation of good grains and hence not eligible for exemption under sub ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... section 11A of section 80 IB. However, if you open a new unit dedicated to integrated business of handling, storage and transportation of food grains (not part of milling industry), you can claim dedu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction for that unit. - deduction U/S 80 IB - Query Started By: - sanjeev agrawal Dated:- 11-9-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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