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[Cites 0, Cited by 6] [Section 80IE] [Entire Act]

Union of India - Subsection

Section 80IE(1) in The Income Tax Act, 1961

(1)Where the gross total income of an assessee includes any profits and gains derived by an undertaking, to which this section applies, from any business referred to in sub-section (2), there shall be allowed, in computing the total income of the assessee, a deduction of an amount equal to hundred per cent. of the profits and gains derived from such business for ten consecutive assessment years commencing with the initial assessment year.