I'd like to know if a delivery to a Buyer made in Mumbai against a £ LC qualify as Export income? If you Also would such income be Tax free in the hands of the proprietary Firm??
Menu
Is income from exports tax free for a proprietary firm??
Replies (3)
if its satisfies conditions in s10AA then exempt. else taxable
PLEASE ELABORATE YOUR QUEERY
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
