Question

0 In the given figure, prove that fillm.
M
P Р
80
>P
0
B
3540
45 ज​

Answer 1

Answer:

Income-tax laws in India have provisions for various profit linked deductions to encourage investments in certain industries under Chapter VI-A under the heading ‘C. – Deductions in respect of certain incomes’. These deductions are available under Sections 80H to 80RRB with respect to profits and gains of specific industries such as hotel business, small-scale industrial undertaking, housing projects, export business, and infrastructure development. One of the deductions available under this chapter is deductions with respect to the income of co-operative societies; the provisions of which have been dealt with under Section 80P.