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Q. > Please Help: Section 80-IC
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617 views • Question added Mar 04, 2012 • Income Tax • By Prashant Chaudhary , CA , Dehradun


A company has availed 100% deduction u/s 80-IC for 5 years there after it undertook substantial expansion. Can the company continue to avail 100% deduction for another 5 years. 80-IC only states that deduction under this section can be availed for max 10 yrs but it is silent about the whether 100% deduction can be availed for 5 yrs only or for 10 yrs

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Vikas Kumar

04-Mar-2012 , 03:54:35 pm

No A Company can avail 100% deduction u/s 80-IC for 5 years.it cannot availed again 100% deduction under this section..after 5 years a company can availd only 30% deducion for next 5 years.

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