Special provisions in respect of certain undertakings in certain special category states - Section 80-IC

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..... from: any undertaking which manufactures or produces any article or thing, and undertakes substantial expansion in the state of Sikkim or Himachal Pradesh or Uttaranchal or any of the North Eastern states like Assam, Tripura, Mizoram, Meghalaya, Arunachal Pradesh, Nagaland and Manipur on or before 31.3.2012. any undertaking which has begun or begins to manufacture or produce any article or thing .....

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..... rise which is formed by splitting up, or the reconstruction of a business already in existence but shall apply if it is formed transfer to a new business of machinery or plant previously used for any purpose. Note:- It is mandatory to get books of accounts audited by a Chartered Accountant, in order to avail deduction. As per Section 80A(5) , if the deduction Is not claimed in the Return of Income .....

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