Renew Your Membership by 31st October 2024! Renew Now!

June 2014

Eligibility of deduction u/s. 801A for the unexpired period – Circular No. 10 dated 6th May, 2014 [F. No. 178/84/2012/ITA.I]

By Pinky Shah, Sonalee Godbole, Chartered Accountants
Reading Time 1 mins
fiogf49gjkf0d
When an enterprise or undertaking develops an infrastructure facility, industrial park or Special Economic Zone, as the also may be, and transfers it to another enterprise or undertaking for operation and maintenance in accordance with the proviso to Clause (i) or Clause (iii) of s/s. (4) of section 80-1A of the Act and if this transfer is not by way of amalgamation or demerger, the transferee shall be eligible for the deduction for the unexpired period.

Amended Form 49A and 49AA notified – Notification No. 26 dated 16th May, 2014 [S.O.2045(E)] – Income-tax (5th Amendment) Rules, 2014 – The amended form gives an option to the applicant to get his mother’s name printed on the PAN card.

Download PDF

You May Also Like

VAT liability of developers – computation – Trade Circular 12T of 2014 dated 17-04-2014.

Settlement Deed – Cancellation – Registered Settlement deed cannot be cancelled by executing cancellation deed: Transfer of Property Act, 1882, section 9: