Section - 10BA - Special provisions in respect of export of certain artiÂcles or things
Special provisions in respect of export of certain articles or things.10BA. (1) Subject to the provisions of this section, a deduction of such profits and gains as are derived by an undertaking from the export out of India of eligible articles or things, shall be allowed from the total income of the assessee :Provided that where in computing the total income of the undertaking for any assessment year, deduction under section 10A or section 10B has been claimed, the undertaking shall not be entitled to the deduction under this section :Provided further that no deduction under this section shall be allowed to any undertaking for the assessment year beginning on the 1st day of April, 2010 and subsequent years.(2) This section applies to any undertaking which fulfils the following conditions, namely :-
(a)
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it manufactures or produces the eligible articles or things without the use of imported raw materials;
(b)
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it is not formed by the splitting up, or the reconstruction, of a business already in existence :
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Provided that this condition s .... To read the full section download the app from Google Play store
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