India Budget Series



Sl. No Section Incentive currently available in the Act Proposed phase out measures/ Amendment




10AA- Special provision in respect of newly established units in Special economic zones (SEZ).


Profit linked deductions for profit derived from export of articles or things or services


No deduction shall be for units beginning operations on or after 01.04.2020.







35AC-Expenditure on eligible projects or schemes.




Deduction for expenditure incurred by way of payment of any sum for certain eligible social development project or a scheme.


No deduction shall be available with effect from 01.04.2017








35CCD-Expenditure on skill development project.



Weighted deduction of 150% on any expenditure incurred other than on Land & Building Deduction shall be restricted to 100% from 01.04.2020











Section Deduction in respect of profits derive from

a) development, operation and maintenance of an infrastructure facility (80-IA)

b) development of special economic zone (80-IAB)

c) production of mineral oil and natural gas [80-IB(9)]



100% profit linked deductions for specified period.








No deduction shall be available if the specified activity commences on or after 01.04.2017.







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