Manufacture
This query is : Resolved
16 December 2010
One of my clients are solictiors and they basically advice to foreign companies
There process is as follows,
They received information via mail,
and then they process that information in respective departmentsn of thier company and then by gathering the information with the respective department
then they guide to clients by via mail
They Treat the whole process as Transmission of Data
Whether this amounts to manufacture
yes or no Give with reason
and if yes whether it would get a deduction u/s 80 IA.
There process is as follows,
They received information via mail,
and then they process that information in respective departmentsn of thier company and then by gathering the information with the respective department
then they guide to clients by via mail
They Treat the whole process as Transmission of Data
Whether this amounts to manufacture
yes or no Give with reason
and if yes whether it would get a deduction u/s 80 IA.
17 December 2010
No, It cannot be manufacture, since he not producing ang goods. No 80IA will not apply.
17 December 2010
AGREE WITH MR. S.K. BHAGAT G,
AS PER FOREIGN TRADE POLICY 2004-2009, PARA 9.37 Manufacture" means to make, produce, fabricate, assemble, process or bring into existence, by hand or by machine, a new product having a distinctive name, character or use and shall include processes such as refrigeration, re-packing, polishing, labelling. Re-conditioning repair, remaking, refurbishing, testing, calibration, re-engineering. Manufacture, for the purpose of this Policy, shall also include agriculture, aquaculture, animal husbandry, floriculture, horticulture, pisciculture, poultry, sericulture, viticulture and mining.
They are not producing ang goods. hence No 80IA will not apply.
AS PER FOREIGN TRADE POLICY 2004-2009, PARA 9.37 Manufacture" means to make, produce, fabricate, assemble, process or bring into existence, by hand or by machine, a new product having a distinctive name, character or use and shall include processes such as refrigeration, re-packing, polishing, labelling. Re-conditioning repair, remaking, refurbishing, testing, calibration, re-engineering. Manufacture, for the purpose of this Policy, shall also include agriculture, aquaculture, animal husbandry, floriculture, horticulture, pisciculture, poultry, sericulture, viticulture and mining.
They are not producing ang goods. hence No 80IA will not apply.
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 1: Details for showing Exempt Income
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
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
