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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Deduction u/s 80IB - The profit shown by the unit which is ...


Income Tax Act Section 80IB: Deduction Limited to 10% Due to Discrepancy in Profit Rates Between Units.

January 20, 2014

Case Laws     Income Tax     AT

Deduction u/s 80IB - The profit shown by the unit which is eligible for deduction u/s 80IA is very high i.e. 35% as compared to the profit of the other unit (belongs to his wife) only at the rate of 5% - deduction restricted to 10% - AT

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