Section 80-IB
Deduction in respect of profits and gains from certain industrial undertakings (other than infrastructure)
Quick Answer
Section 80-IB (Deduction in respect of profits and gains from certain industrial undertakings (other than infrastructure)) has been deleted under the Income-tax Act, 2025, effective 1st April 2026.
What changed for Section 80-IB
The starting point is Section 80-IB of the Income Tax Act, 1961 — deduction in respect of profits and gains from certain industrial undertakings (other than infrastructure). Provided tax holidays for setting up cold chains, multiplex theatres, convention centres, and commercial production of mineral oil.
When the Income-tax Act, 2025 takes effect on 1st April 2026, Section 80-IB is deleted rather than renumbered. NA. Sunset provision. Time limits for commencement of most of these businesses expired over a decade ago.
For Section 80-IB, the practical impact is rated Low. Historical context.
Sec 80-IB
Provision Summary
Provided tax holidays for setting up cold chains, multiplex theatres, convention centres, and commercial production of mineral oil.
Deleted
Provision Summary
NA. Sunset provision. Time limits for commencement of most of these businesses expired over a decade ago.
Key Changes & Highlights
- Obsolete for new businesses.
Frequently Asked Questions
What is Section 80-IB of the Income Tax Act, 1961 about?
Section 80-IB of the Income Tax Act, 1961 covers deduction in respect of profits and gains from certain industrial undertakings (other than infrastructure). Provided tax holidays for setting up cold chains, multiplex theatres, convention centres, and commercial production of mineral oil.
What happens to Section 80-IB in the Income-tax Act, 2025?
Section 80-IB has been deleted under the Income-tax Act, 2025, with no successor section carrying it forward from 1st April 2026. NA. Sunset provision. Time limits for commencement of most of these businesses expired over a decade ago.
What is the impact of the change to Section 80-IB under the new tax code?
The transition impact for Section 80-IB is rated Low. Historical context.
What should I watch out for when Section 80-IB moves to the 2025 code?
Obsolete for new businesses. These points are specific to Section 80-IB (Deduction in respect of profits and gains from certain industrial undertakings (other than infrastructure)).
Disclaimer: This mapping of Section 80-IB (Deduction in respect of profits and gains from certain industrial undertakings (other than infrastructure)) under the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 80-IB is currently marked Deleted, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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