Section 11A: (a) Income derived by a small enterprise which does not benefit from

11A. (a) Income derived by a small enterprise which does not benefit from exemption under item 11, set up prior to 1 June 2015 and registered under the Small and Medium Enterprises Development Authority Act, provided that— (i) its annual turnover does not exceed 10 million rupees; (ii) it is engaged in qualifying activities under a scheme referred to in section 5A of the Small and Medium Enterprises Development Authority Act; (iii) the exemption is in respect of income derived from the activities relating to a project under the scheme referred to in section 5A of the Small and Medium Enterprises Development Authority Act; and (iv) the period of exemption of the income of the enterprise does not exceed 4 succeeding income years as from the income year 2015/2016. (b) Notwithstanding this Act, any loss incurred by a small enterprise under paragraph (a) during the period of exemption of its income shall be available for deduction and carry forward under sections 20 and 59. 12. —