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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Deduction u/s 80IB - investment threshold limits in Plant and ...

Income Tax

June 4, 2019

Deduction u/s 80IB - investment threshold limits in Plant and Machinery - assessee has to fulfill criteria as laid down u/s 80IB(14)(g) every year as every assessment year is a separate unit - the Section 80IB(14)(g) in turn refers to IDR Act, 1951 and not MSME Act, 2006. Thus, notifications issued under IDR Act, 1951 will hold the field

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