Income Tax Act, 2025
Section 5: Ins. by Act 25 of 2014, s. 12 (w.e.f. 12015).
5. Ins. by Act 25 of 2014, s. 12 (w.e.f. 12015).
198
Chapter VIA under the heading” C.—Deductions in respect of certain incomes” in relation to such
specified business for the same or any other assessment year.]
(4) No deduction in respect of the expenditure referred to in sub-section (1) shall be allowed to the
assessee under any other section in any previous year or under this section in any other previous year.
(5) The provisions of this section shall apply to the specified business referred to in sub-section (2) if
it commences its operations,—
(a) on or after the 1st day of April, 2007, where the specified business is in the nature of laying
and operating a cross-country natural gas pipeline network for distribution, including storage facilities
being an integral part of such network; 1***
2[(aa) on or after the 1st day of April, 2010, where the specified business is in the nature of
building and operating a new hotel of two-star or above category as classified by the Central
Government;
(ab) on or after the 1st day of April, 2010, where the specified business is in the nature of
building and operating a new hospital with at least one hundred beds for patients;
(ac) on or after the 1st day of April, 2010, where the specified business is in the nature of
developing and building a housing project under a scheme for slum redevelopment or rehabilitation
framed by the Central Government or a State Government, as the case may be, and which is notified
by the Board in this behalf in accordance with the guidelines as may be prescribed; 3***]
4[(ad) on or after the 1st day of April, 2011, where the specified business is in the nature of
developing and building a housing project under a scheme for affordable housing framed by the
Central Government or a State Government, as the case may be, and notified by the Board in this
behalf in accordance with the guidelines as may be prescribed;
(ae) on or after the 1st day of April, 2011, in a new plant or in a newly installed capacity in an
existing plant for production of fertilizer; 5***]
6(af) on or after the 1st day of April, 2012, where the specified business is in the nature of setting
up and operating an inland container depot or a container freight station notified or approved under
the Customs Act, 1962 (52 of 1962);
(ag) on or after the 1st day of April, 2012, where the specified business is in the nature of beekeeping and production of honey and beeswax;
(ah) on or after the 1st day of April, 2012, where the specified business is in the nature of setting
up and operating a warehousing facility for storage of sugar; 7***]
8[(ai) on or after the 1st day of April, 2014, where the specified business is in the nature of laying
and operating a slurry pipeline for the transportation of iron ore;
(aj) on or after the 1st day of April, 2014, where the specified business is in the nature of setting
up and operating a semi-conductor wafer fabrication manufacturing unit, and which is notified by the
Board in accordance with such guidelines as may be prescribed; 9***]
No deduction in respect of the expenditure referred to in sub-section
shall be allowed to the
assessee under any other section in any previous year or under this section in any other previous year.
The provisions of this section shall apply to the specified business referred to in sub-section
if
it commences its operations,—
on or after the 1st day of April, 2007, where the specified business is in the nature of laying
and operating a cross-country natural gas pipeline network for distribution, including storage facilities
being an integral part of such network; 1***
2[
on or after the 1st day of April, 2010, where the specified business is in the nature of
building and operating a new hotel of two-star or above category as classified by the Central
Government;
on or after the 1st day of April, 2010, where the specified business is in the nature of
building and operating a new hospital with at least one hundred beds for patients;
on or after the 1st day of April, 2010, where the specified business is in the nature of
developing and building a housing project under a scheme for slum redevelopment or rehabilitation
framed by the Central Government or a State Government, as the case may be, and which is notified
by the Board in this behalf in accordance with the guidelines as may be prescribed; 3***]
4[
on or after the 1st day of April, 2011, where the specified business is in the nature of
developing and building a housing project under a scheme for affordable housing framed by the
Central Government or a State Government, as the case may be, and notified by the Board in this
behalf in accordance with the guidelines as may be prescribed;
on or after the 1st day of April, 2011, in a new plant or in a newly installed capacity in an
existing plant for production of fertilizer; 5***]
6
on or after the 1st day of April, 2012, where the specified business is in the nature of setting
up and operating an inland container depot or a container freight station notified or approved under
the Customs Act, 1962 (52 of 1962);
on or after the 1st day of April, 2012, where the specified business is in the nature of beekeeping and production of honey and beeswax;
on or after the 1st day of April, 2012, where the specified business is in the nature of setting
up and operating a warehousing facility for storage of sugar; 7***]
8[
on or after the 1st day of April, 2014, where the specified business is in the nature of laying
and operating a slurry pipeline for the transportation of iron ore;
on or after the 1st day of April, 2014, where the specified business is in the nature of setting
up and operating a semi-conductor wafer fabrication manufacturing unit, and which is notified by the
Board in accordance with such guidelines as may be prescribed; 9***]