10 B benefit

This query is : Open 

26 May 2010 Sir,
Please clarify the following queries.
1. Can a 100% EOU, STP unit can claim Sec.10B benefits for the A.Y 2010-11 ?
2. What will be situation if the unit has made some domestic sales as well( Domestic sale was below 5% ).
Sree Prakash

28 May 2010 hai 100% eou can claim exemption upto A.Y 2011-12.

On;y export profit will be allowed as deduction under sec 10B . The Formula is

Profit of the business of the undertaking* Export Turn over
----------------
Total Turn over


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