Tax incentive provisions normally have conditions applicable for the period within which the preferred activity should be undertaken and the period for which the tax incentive is available. It may also be necessary to fulfil certain other conditions, such as ‘forming’ of a ‘new’ undertaking.

• Tags: business trusts (BTs), Infrastructure Investment Trusts (InvITs), Real Estate Investment Trusts (REITs), section 35AD, sections 80-IA to 80RRB & 10AA, special purpose vehicles (SPVs)
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• Posted by: professionalusr