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Ask your queries or reply to others' queries => Discussion => Topic started by: nischal on February 23, 2011, 04:27:27 PM

Poll
Question: i want to know wether the exemption u/s 80 ic will be effective for a period of 5 years after the expansion has taken place for a firm in uttarakhand.
Option 1: will it be effective for 5 years after expansion votes: 0
Option 2: will the exemption period end after 5 years irrespective of the expansion votes: 0
Title: substantial expansion under section 80ic
Post by: nischal on February 23, 2011, 04:27:27 PM
please post you comments
Title: Re: substantial expansion under section 80ic
Post by: pawansingla on May 06, 2011, 03:17:45 PM
There will be two initial years in 80IC. One is the year in which commecement of business took place and second is that year in whcih subastinial expanion took place. However total deduction under both intial years will not exceed 10 years.
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