Sec 10aa

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hiren (Querist)
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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

Amol S Joglekar

Amol S Joglekar (Expert)
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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.

hiren

hiren (Querist)
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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

Amol S Joglekar

Amol S Joglekar (Expert)
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26 November 2012 separate books of accounts are maintained or not?

hiren

hiren (Querist)
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26 November 2012 Yes maintain

Amol S Joglekar

Amol S Joglekar (Expert)
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26 November 2012 Then claim the 10AA as per profit of export business.

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