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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Benefit of Section 80-IC - A person, an enterprise or an ...


Section 80-IC Tax Benefits: Eligibility Requires Conducting Specified Business Activities and Earning Profits from Them.

December 3, 2017

Case Laws     Income Tax     HC

Benefit of Section 80-IC - A person, an enterprise or an undertaking, is entitled to take the benefit of Section 80-IC only insofar as it carries on business, which is mentioned in sub-section (2) of Section 80-IC and derives profits and gains therefrom. - HC

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