Income Tax Act, 2025
Section 5: Subs. by Act 14 of 2010, s. 27, for “five per cent.” (w.e.f. 12010).
5. Subs. by Act 14 of 2010, s. 27, for “five per cent.” (w.e.f. 12010).
6. Subs. by s. 27, ibid., for “two thousand square feet, whichever is less” (w.e.f. 12010).
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1[(e) not more than one residential unit in the housing project is allotted to any person not being
an individual; and
(f) in a case where a residential unit in the housing project is allotted to a person being an
individual, no other residential unit in such housing project is allotted to any of the following persons,
namely:—
(i) the individual or the spouse or the minor children of such individual,
(ii) the Hindu undivided family in which such individual is the karta,
(iii) any person representing such individual, the spouse or the minor children of such
individual or the Hindu undivided family in which such individual is the karta.]
2[Explanation.—For the removal of doubts, it is hereby declared that nothing contained in this subsection shall apply to any undertaking which executes the housing project as a works contract awarded by
any person (including the Central or State Government).]
(11) Notwithstanding anything contained in clause (iii) of sub-section (2) and sub-sections (3), (4)
and (5), the amount of deduction in a case of industrial undertaking deriving profit from the business of
setting up and operating a cold chain facility for agricultural produce, shall be hundred per cent of the
profits and gains derived from such industrial undertaking for five assessment years beginning with the
initial assessment year and thereafter, twenty-five per cent. (or thirty per cent where the assessee is a
company) of the profits and gains derived from the operation of such facility in a manner that the total
period of deduction does not exceed ten consecutive assessment years (or twelve consecutive assessment
years where the assessee is a co-operative society) and subject to fulfilment of the condition that it begins
to operate such facility on or after the 1st day of April, 1999 but before the 3[1st day of April, 2004].
4[(11A) The amount of deduction in a case of 5[an undertaking deriving profit from the business of
processing, preservation and packaging of fruits or vegetables or 1[meat and meat products or poultry or
marine or dairy products or from] the integrated business of handling, storage and transportation of
foodgrains, shall be hundred per cent of the profits and gains derived from such undertaking for five
assessment years beginning with the initial assessment year and thereafter, twenty-five per cent. (or thirty
per cent. where the assessee is a company) of the profits and gains derived from the operation of such
business in a manner that the total period of deduction does not exceed ten consecutive assessment years
and subject to fulfilment of the condition that it begins to operate such business on or after the 1st day of
April, 2001]:
1[Provided that the provisions of this section shall not apply to an undertaking engaged in the business
of processing, preservation and packaging of meat or meat products or poultry or marine or dairy products
if it begins to operate such business before the 1st day of April, 2009.]
6[(11B) The amount of deduction in the case of an undertaking deriving profits from the business of
operating and maintaining a hospital in a rural area shall be hundred per cent. of the profits and gains of
such business for a period of five consecutive assessment years, beginning with the initial assessment
year, if—
(i) such hospital is constructed at any time during the period beginning on the 1st day of October,
2004 and ending on the 31st day of March, 2008;
not more than one residential unit in the housing project is allotted to any person not being
an individual; and
in a case where a residential unit in the housing project is allotted to a person being an
individual, no other residential unit in such housing project is allotted to any of the following persons,
namely:—
the individual or the spouse or the minor children of such individual,
the Hindu undivided family in which such individual is the karta,
any person representing such individual, the spouse or the minor children of such
individual or the Hindu undivided family in which such individual is the karta.]
2[Explanation.—For the removal of doubts, it is hereby declared that nothing contained in this subsection shall apply to any undertaking which executes the housing project as a works contract awarded by
any person (including the Central or State Government).]
Notwithstanding anything contained in clause
of sub-section
and sub-sections
and
The amount of deduction in a case of 5[an undertaking deriving profit from the business of
processing, preservation and packaging of fruits or vegetables or 1[meat and meat products or poultry or
marine or dairy products or from] the integrated business of handling, storage and transportation of
foodgrains, shall be hundred per cent of the profits and gains derived from such undertaking for five
assessment years beginning with the initial assessment year and thereafter, twenty-five per cent. (or thirty
per cent. where the assessee is a company) of the profits and gains derived from the operation of such
business in a manner that the total period of deduction does not exceed ten consecutive assessment years
and subject to fulfilment of the condition that it begins to operate such business on or after the 1st day of
April, 2001]:
1[Provided that the provisions of this section shall not apply to an undertaking engaged in the business
of processing, preservation and packaging of meat or meat products or poultry or marine or dairy products
if it begins to operate such business before the 1st day of April, 2009.]
6[
The amount of deduction in the case of an undertaking deriving profits from the business of
operating and maintaining a hospital in a rural area shall be hundred per cent. of the profits and gains of
such business for a period of five consecutive assessment years, beginning with the initial assessment
year, if—
such hospital is constructed at any time during the period beginning on the 1st day of October,
2004 and ending on the 31st day of March, 2008;