It exemption for software exports
This query is : Resolved
SUBRAMANIAN P S
(Querist)
05 September 2011
Sir,
Kindly let me know, whether IT exemption for software exports (10 B) applicable for financial year 2010-11 or not.
Regars
P S Subramanian
Kindly let me know, whether IT exemption for software exports (10 B) applicable for financial year 2010-11 or not.
Regars
P S Subramanian
RAMESH KUMAR VERMA
(Expert)
05 September 2011
Minister of commerce and industry, our Finance Ministers has also extended the scope of scope of section 10B in the Finance Act, 2008 and Finance Act (no. 2) 2009 in line with the overall policy of the central government.
But there is no relaxation on restriction of 10 years. Therefore, if you have already exhausted your 10 years tax holiday benefit, you can avail the benefit for the period of further assessment years.
https://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=5638
But there is no relaxation on restriction of 10 years. Therefore, if you have already exhausted your 10 years tax holiday benefit, you can avail the benefit for the period of further assessment years.
https://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=5638
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