Exemption for work done for semi government project
This query is : Resolved
03 July 2013
Dear experts is there any exemptions allowed on income from contracts of semi government projects like CMC of kolar for laying of roads or construction of bridges ?.
When we file the return , the total income should be taken as non taxable or how, can anybody advise me please.
regards.
When we file the return , the total income should be taken as non taxable or how, can anybody advise me please.
regards.
07 July 2013
you cannot do that, calculate the actual profit of the company and check the eligibilit of the company under Chapter VI deductions like 80IA,80IB
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