Deduction under sec. 80 hhc
This query is : Resolved
Megha Vora
(Querist)
25 May 2013
It has come to my knowledge that under sec. 80 HHC of the the Income Tax Act, there is a deduction available. My company is making exports to a unit situated at SEZ. We are making the invoices in rupee and getting payment also in rupee currency. Can we get any deduction under 80 HHC? If yes, how much and what will be the requirement?
NARENDRA SONI
(Expert)
25 May 2013
You can claim Export income under section 10 instead of 80HHC.
Message likes :
1 times
25 May 2013
Megha Ji
No deduction u/s 80HHC can be availed from assessment year 2005-06 and onwards. For details please refer subsection 4C.
No deduction u/s 80HHC can be availed from assessment year 2005-06 and onwards. For details please refer subsection 4C.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Nursery business
- Tax on Amount transferred in HUF Account
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
