deduction u/s 80ic continued after conversion into LLP, Income Tax

[sanjay aggarwal]

We are claiming dedcution u/s 80IC from AY 10-11 for unit at Haridwar.We want to convert company into LLP. Please adivse: a) Whether tax holiday benefit under Section 80IC of the Income Tax Act available to the industrial undertaking/unit/company continue post conversion to LLP. b) Whether any change in the name now or after conversion in to LLP without changing in Directors/partners/shareholders, would affect the Tax Holiday under Section 80IC.

Posts / Replies

[Mukesh Kumar]

The benefit of exemption/deduction available to the company u/s.10A, u/s.10AA, u/s.10B, u/s.10C, u/s.35A, u/s.35AB, u/s.35D, u/s.35DD, u/s.80IA, u/s.80IB, u/s.80IC, u/s.80ID, u/s.80IE, etc. for the unexpired period has not been granted to the LLP on conversion.

That's why it is called that amendments regarding LLP have been made half heartedly.