Allowable Tax Credit to Other than Companies due to AMT under Section 115JC
This provision allows taxpayers other than companies to claim a tax credit for the Alternate Minimum Tax (AMT) paid, helping to mitigate tax liabilities for certain entities.
Exclusive Benefits for Businesses Domestically Setup under Section 115BBA
This section provides tax benefits to newly established businesses in specific sectors to encourage domestic investment and promote economic growth.
Exclusive Benefits for Businesses Engaged in Manufacturing Industry or Generating Electricity under Section 115BAB
This provision offers tax incentives to eligible manufacturing and electricity generation businesses, promoting industrial growth and investment in these key sectors.
Income Tax Benefits to Start-ups under Sections 80IAC, 56, and 79
These sections provide tax deductions and incentives to start-ups, including exemption from income tax for a specified period, promoting innovation and entrepreneurship.
Special Tax Benefits for Eligible Professionals under Section 44ADA
This section allows specified professionals to opt for a simplified taxation scheme, enabling easier compliance and reducing the tax burden.
Special Tax Benefits for Small Businesses under Section 44AD
This provision allows small businesses with a certain turnover to opt for a presumptive taxation scheme, simplifying tax filing and reducing compliance costs.
Special Subsidized Tax System for Businesses Engaged in Tea and Coffee under Sections 10 and 33AB
These sections provide tax benefits and deductions specifically for tea and coffee production businesses, promoting growth in these agricultural sectors.
Special Tax Benefits for Goods Transportation Businesses under Section 44AE
This provision allows operators of goods transport services to opt for a simplified taxation scheme, reducing compliance burden and providing tax relief.
Allowable Tax Credit to Companies due to MAT under Section 115JB
This section allows companies to carry forward and utilize the Minimum Alternate Tax (MAT) credit against future tax liabilities, ensuring tax equity.
Tax Benefits on Income from Royalty/Patents under Sections 80QQB, 80RRB, and 115BBF
These provisions offer tax incentives for income earned from patents and royalties, encouraging innovation and intellectual property development.
Special Provision for Disallowing Delayed Payments to MSMEs under Section 43B(h)
This provision disallows deductions for expenses related to delayed payments to Micro, Small, and Medium Enterprises (MSMEs), promoting timely payments and supporting small businesses.
Tax Benefits to Co-operative Societies under Sections 115BAD, 115BAE, and 80P
These sections provide various tax benefits and concessions to co-operative societies, encouraging their growth and contribution to the economy.
