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 Direct Tax Code 2025, effective 1st April 2026.
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 does Section 80-IB of the Income Tax Act 1961 deal with?
Section 80-IB (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.
Is Section 80-IB of the ITA 1961 still applicable under DTC 2025?
Section 80-IB has been deleted under the Direct Tax Code 2025. NA. Sunset provision. Time limits for commencement of most of these businesses expired over a decade ago.
What is the status of Section 80-IB under the new tax code?
Section 80-IB is marked as "Deleted" with status "Sunset". Impact: Low - Historical context.
What are the key changes to Section 80-IB under DTC 2025?
Obsolete for new businesses.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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