Amendment of section 80HHA
Section 10 of the Finance Act, 1981 deals with amendment of section 80HHA. Amendment of section 80HHA. 10. In section 80HHA of the Income-tax Act,— (a) in sub-section (3),— (i) for the words "in respect of each of the ten assessment years beginning with the assessment year relevant to the previous year in which the small-scale industrial undertaking", the words "of each of
Amendment of section 80HHA.
10. In section 80HHA of the Income-tax Act,—
(a) in sub-section (3),—
(i) for the words "in respect of each of the ten assessment years beginning with the assessment year relevant to the previous year in which the small-scale industrial undertaking", the words "of each of the ten previous years beginning with the previous year in which the industrial undertaking" shall be substituted;
(ii) the following proviso shall be inserted at the end, namely:—
"Provided that such deduction shall not be allowed in computing the total income of any of the ten previous years aforesaid in respect of which the industrial undertaking is not a small-scale industrial undertaking within the meaning of clause (b) of the Explanation below sub-section (8).";
(b) in sub-section (8), in clause (b) of the Explanation, for the words "the business of the undertaking does not exceed ten lakh rupees; and for this purpose the value of any machinery or plant shall be,—", the following shall be substituted, namely:—
"the business of the undertaking does not exceed,—
(i) in a case where the previous year ends before the 1st day of August, 1980, ten lakh rupees; and
(2) in a case where the previous year ends after the 31st day of July, 1980, twenty lakh rupees, and for this purpose the value of any machinery or plant shall be,—".
[Finance Act, 1981]
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Section 10, The Finance Act, 1981 (Act 16 of 1981).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 10
What does Section 10 of the Finance Act deal with?
Section 10 of the Finance Act is headed "Amendment of section 80HHA". Amendment of section 80HHA. 10. In section 80HHA of the Income-tax Act,— (a) in sub-section (3),— (i) for the words "in respect of each of the ten assessment years beginning with the assessment year relevant to the previous year in which the small-scale industrial undertaking", the words "of each of
How do I find court cases under Section 10 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1981 10, section 10 Finance Act 1981, section 10 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 10 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 80HHA (Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was the Finance Act enacted?
Finance Act was enacted in 1981 as Act 16 of 1981. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule7383 words
- 36. Insertion of new sections 7A to 7D2293 words
- 2. Income-tax1988 words
- 3. Insertion of new section 10A1080 words
- 37. Insertion of new sections 9A858 words
- 27. Insertion of new section 21AA541 words
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