Sec 10aa
This query is : Resolved
26 November 2012
Income from export bussiness how can claim deduction? I can't understand when100% deduction and when profirt*ex turn over / total turn over
26 November 2012
The separate books of accounts are kept or not is the KEY.
01. If everything falls under 10AA... 100%
02. If the assessee has both business... 10AA as well as other than 10AA and separate books of accounts are kept... 100%
03. In other cases... go for the proportionate deduction.
01. If everything falls under 10AA... 100%
02. If the assessee has both business... 10AA as well as other than 10AA and separate books of accounts are kept... 100%
03. In other cases... go for the proportionate deduction.
26 November 2012
A firm doing two type of bussiness A and b bussiness a export and b domestic business a profit30 lac turn over 50 lac total turn over 100 lac
26 November 2012
separate books of accounts are maintained or not?
26 November 2012
Then claim the 10AA as per profit of export business.
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
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- TDS ON CASH WITHDRAWALS...
- Query regarding TDS on EPFO Higher Pension Arrears*
- Bank accounts of Non resident
- ITR Filing Requirement for Partnership Firm Registered but Business Not Commenced
- 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
