Applicability under Deductions in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings, etc. [Section 80-IB] :

This section will be applicable to assesses, whose gross total income includes any profits and gains derived from any of the following business activities –

(1) An industrial undertaking including a small scale industrial undertaking (SSI)

(2) Any company carrying on scientific and industrial research and development

(3) An undertaking which begins commercial production or refining of mineral oil or commercial production of natural gas in licensed blocks.

(4) An undertaking engaged in construction and development of housing projects approved by a local authority

(5) An industrial undertaking deriving profits from the business of setting up and operating a cold chain facility for agricultural produce.

(6) An undertaking deriving profits from the business of processing, preservation and packaging of fruits or vegetables or meat and meat products or poultry or marine or dairy products or from the integrated business of handling, storage and transportation of foodgrains.

(7) An undertaking operating and maintaining a hospital in anywhere in India, other than an excluded area.