Tax Holiday/Exemption Planning (Sec 10AA, 80IA, etc.)
Various provisions under the Income Tax Act, such as Section 10AA (SEZ units), Section 80IA (infrastructure undertakings), Section 80IB/80IC (industrial units in specified areas), and others provide tax holidays or exemptions to eligible businesses. Effective planning ensures that companies maximize these benefits while remaining compliant with conditions prescribed under law.
Independent advisory in this area helps businesses evaluate eligibility, structure operations efficiently, and secure long-term tax savings, while avoiding the risk of disallowance during assessments.
About This Service
Our tax holiday and exemption planning services assist corporates, LLPs, and business units in evaluating their eligibility for deductions under various sections of the Income Tax Act. We review business activities, investments, and location-specific operations to ensure that they align with statutory conditions.
We provide structuring advice to optimize profits eligible for deductions and ensure that separate books of accounts and documentation are maintained as required under law. This minimizes risks of disputes during tax assessments.
We also support clients in filing necessary reports, audit certificates, and disclosures required under Sections 10AA, 80IA, and similar provisions. Our team ensures accurate claim filings and proactive responses to queries from tax authorities.
By combining technical expertise with practical business insights, we enable organizations to maximize tax incentives, improve cash flows, and remain compliant with all statutory obligations.
Key Features / Scope of Work
- Evaluation of eligibility for tax holidays/exemptions (10AA, 80IA, 80IB, 80IC, etc.).
- Structuring of business operations to optimize deductions.
- Assistance in maintaining separate books and documentation.
- Filing of audit reports and statutory certificates for claims.
- Advisory on computation of eligible profits and deductions.
- Support in defending exemption claims during assessments.
- Monitoring compliance with ongoing statutory conditions.
- Enhancing tax efficiency while ensuring compliance.
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