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What is the key condition for a small-scale industry to be eligible for tax concession in backward areas under Section 80-I of the Income Tax Act, 1961?a)The industry should be established before 1970b)The industry should employ at least 10 workers without powerc)The industry should be engaged in mining activityd)The industry should not have shifted from a non-backward areaCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the key condition for a small-scale industry to be eligible for tax concession in backward areas under Section 80-I of the Income Tax Act, 1961?a)The industry should be established before 1970b)The industry should employ at least 10 workers without powerc)The industry should be engaged in mining activityd)The industry should not have shifted from a non-backward areaCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the key condition for a small-scale industry to be eligible for tax concession in backward areas under Section 80-I of the Income Tax Act, 1961?a)The industry should be established before 1970b)The industry should employ at least 10 workers without powerc)The industry should be engaged in mining activityd)The industry should not have shifted from a non-backward areaCorrect answer is option 'B'. Can you explain this answer?.

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