Section 10AA → Section 14
Special provisions in respect of newly established Units in SEZ
Quick Answer
Section 10AA of the Income Tax Act, 1961 (Special provisions in respect of newly established Units in SEZ) corresponds to Section 14 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 10AA
Provision Summary
Provides a 15-year phased tax holiday for units manufacturing goods or providing services in a Special Economic Zone.
Sec 14
Provision Summary
Retained as a sunset provision. Only units established before the sunset date can claim the remaining years of deduction.
Key Changes & Highlights
- Strict linking with foreign exchange realization timelines.
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Frequently Asked Questions
What does Section 10AA of the Income Tax Act 1961 deal with?
Section 10AA (Special provisions in respect of newly established Units in SEZ) Provides a 15-year phased tax holiday for units manufacturing goods or providing services in a Special Economic Zone.
What is the new section number for Section 10AA under the Direct Tax Code 2025?
Section 10AA of the ITA 1961 maps to Section 14 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 10AA under the new tax code?
Section 10AA is marked as "Retained" with status "Modified". Impact: Medium - Sunsetting incentive, replaced by PLI schemes.
What are the key changes to Section 10AA under DTC 2025?
Strict linking with foreign exchange realization timelines.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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